During the IAA, Iveco unveiled the S-eWay Rigid, a heavy-duty battery-electric truck with a range of up to 400 km designed for urban and regional transport.

The milestone (an Iveco eDaily) vehicle is headed to British retailer Tesco, which ordered 571 of these e-Daily vans as the company aims to transition its home delivery operations to using fully electric vehicles in the UK by 2030.

Iveco aims to leverage LIST’s expertise to find lightweight composite materials which enable weight reduction in vehicles to  enhance fuel efficiency and improve TCO for fleet operators.

The first MoU refers to the project with Politecnico di Milano University aiming at implementing a new on-demand transport solution for students and staff. The second project is very similar, just with hospital staff at the Humanitas University Hospital in Milan.

The companies have signed a Memorandum of Understanding (MoU) in order to explore potential collaboration in EV developments, components and joint business opportunities with a focus on the European and South American markets.

Olof Persson is to replace Gerrit Marx as CEO of the Iveco Group starting from July 2024, as Marx moves to take up the appointment of CEO of CNH Industrial N.V.

According to the latest agreement, the companies plan to co-develop electric heavy-duty trucks (both battery-electric and fuel-cell electric) for the European market.

Iveco and Ford Otosan have signed a non-binding Memorandum of Understanding (MOU) to explore the potential co-development of heavy-duty vehicle cabins.

Iveco announced that it has reached an agreement with German private equity firm, Mutares SE & Co. KGaA, to sell its firefighting vehicle manufacturing unit (Magirus GmbH) for an undisclosed fee, pending regulatory approval.

With an increasing focus on battery packs, electric powertrains and battery management systems for electric Commercial Vehicles (CVs), the firm has active plans to expand its customer base amongst global CV manufacturers.

Iveco announced a positive set of financial results for the 2023 year, including EUR 16 billion in consolidated revenues (up 13% from 2022), an adjusted EBITA of EUR 940 million (up EUR 413 million compared to 2022) and an adjusted net income of EUR 352 million (up EUR 127 million from 2022 figures).

According to the agreement, Hyundai will manufacture and supply the chassis cab, while Iveco Group will handle local customisation and European distribution through its sales network.