Valeo has owned the site through its subsidiary, ‘Ferentino Automotive Transition Srl’, since 1974, using it to produce HVAC components for Italian OEMs.

Production is slated to begin in 2025 at the Iveco bus plant in Vysoké Myto, Czech Republic. Available in three lengths (10.7,  12, 13 metres, pop and LINE versions), the bus is compatible with XTL (X-To-Liquid) renewable fuels.

The total value of the orders, including 10-year service contracts, amounts to EUR200m, making it one of the largest in the company’s history, according to Solaris.

The factory produces ICE powertrains for both off-road and on-road vehicles, including the Cursor 9, 10, 11 and 13 heavy-duty engines primarily for the South American market.

An engineer by training and with MBAs in the areas of Marketing and Business, Susini has extensive experience in the international automotive industry, where he held the position of president of Yamaha in Brazil.

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.