The Defence Business (i.e. the IDV and ASTRA brands) has an enterprise value of EUR1.7 billion.

‘Completion of the offer is conditional on the separation of Iveco Group’s defence business’

They will be sold alongside Iveco’s own ‘Daily’ range of large vans, expanding its portfolio in the light commercial vehicle segment.

The company has equipped 115 Iveco Eurocargo ML150 4×4 trucks with the Allison 3000 Series six-speed fully automatic transmission with Power Take-Off. Built to handle steep inclines, the trucks have been shipped and will be in service across several Australian states facing bushfire emergencies.

Solutrans 2023 was held between 21-25 November at Eurexpo in Lyon, France. Over 1,000 exhibitors and 50,000 guests gathered for the 17th edition of this historic show, centred around the European heavy and light commercial vehicle industry.

The Iveco SpA / Plus Inc heavy-duty truck (Iveco S-Way) installed with Plus’s level 4 autonomous driving technology (‘PlusDrive’), is to begin its first customer trial in Q1 2024, with German drugstore retailer, dm-drogerie markt.

Telma’s system, which includes a retarder and generator, is connected to a 10-kWh battery pack for storing the electrical energy recovered from waste heat energy generated by braking. 

Iveco has unveiled its new HD BEV (Heavy-Duty Battery Electric Vehicle) and HD FCEV (Heavy-Duty Fuel Cell Electric Vehicles) under the Iveco brand. 

The Iveco SpA / Plus Inc heavy-duty truck (Iveco S-Way) installed with Plus’s level 4 autonomous driving technology (‘PlusDrive’), has hit public roads in Germany.

Nikola Iveco Europe will now be renamed as EVCO (Electric Vehicles Company).  

The European programme has partly been funded by the Clean Hydrogen Partnership (EUR 30 million for 150 hydrogen fuel cell trucks) and the Connecting Europe Facility (CEF) for the 8 hydrogen refuelling stations across France and the Netherlands.

The plant is responsible for producing biomethane from agricultural waste from surrounding farms.