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.

The order consists of 300 Crossway low-entry buses, 50 Evadys coaches and 60 Daily minibuses, set to be delivered between Q4 2024 and Q1 2025. These vehicles will operate in the port city of Abidjan.

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.

The company has several patented features making up its bellows and towards the end of this year it will bring to market its new articuated chassis system for buses.

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.

The company received an order for 16 units of its lighTram Tosa double-articulating trolleybus from the Italian city of Vicenza thanks to EUR 19 million in state funding to local transport company SVT, who plan to deploy the fleet on the LAM Rossa line in 2027.

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.

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).

The total number of city buses with alternative drivelines in European Union 27 countries plus the UK, Norway (NO), Iceland (ICE) and Switzerland (EU 27+4) totalled 13,466 units  comprising 6,354 electric buses (excludes trolley buses), 4,022 hybrid-electric buses, 2,883 CNG buses and 207, hydrogen (fuel cell) buses.

Iveco Bus has delivered its first batch of diesel ICE Crossway buses (order of 370) to Dakar, Senegal, with the remaining units to be delivered by the end of Q1 2024, along with a batch of spare parts and tools needed for maintenance and upkeep ensuring optimum efficiency and performance.