Industrial Vehicles Corporation, known as Iveco, is a vehicle manufacturer based in Italy. Wholly owned by CNH Industrial, Iveco produces a wide range of medium and heavy duty commercial vehicles, buses, as well as vehicles for the defense, construction, mining and firefighting industries.
Iveco was founded in Turin, Italy, in 1975, as the result of a merger between several Italian, French and German companies. The 1980s saw Iveco produce its first specialized light duty engines as well as the Turbostar, the company’s first heavy duty commercial vehicle.
In the ‘90s Iveco expanded significantly. In addition to introducing a new line of innovative commercial vehicles, it acquired vehicle manufacturing companies in Spain and England, and entered the Australian market with Iveco Trucks Australia Ltd. (ITAL).
In 2003 Iveco acquired bus manufacturer Irisbus. Three years later Iveco sponsored the Winter Olympics with more than 1,200 of its buses. In 2012 CNH Industrial was established, of which Iveco became a wholly owned subsidiary.
Today Iveco maintains production facilities in 11 countries throughout Europe, Asia, Africa, Oceania and South America. It also has 5,000 sales and service facilities in more than 160 countries. Its global workforce is greater than 26,000 employees.
“Committed to safe, efficient and sustainable mobility, Iveco works to develop technological solutions that respect both people and the environment,” the company states. “Iveco has been investing in the development of alternative drive systems for over 30 years. It offers EEV (Enhanced Environmentally Friendly Vehicle) engines running on Diesel or compressed natural gas on its entire range.”