The name “IVECO” is an acronym of
Industrial
Vehicles
Corporation.
Iveco’s history therefore starts when, as the result of a series of mergers, a number of companies in the commercial vehicle field entered the Fiat portfolio of companies.
There was a choice between two alternative strategic approaches: to integrate the merged companies in Fiat’s commercial vehicle division, or to create a new industrial company, with its own name and identity.
The second approach was more ambitious and difficult, because it underlined Fiat’s commitment to separate its truck business from its car business, competing directly with the great specialists in this field.
And this was the approach chosen; IVECO was created in 1975 from the merger of five companies operating in Italy, France and Germany:
1975 dalla fusione dalla fusione di cinque realtà attive in Italia, Francia e Germania:
In its first year, Iveco produced 63,000 trucks and 13,000 buses.
Since then its development has been marked by numerous, important steps.
To the point that, in Europe today, the company leads both the medium-sized commercial vehicle segment and the engine market, is in second place for passenger transport, and is among the leaders in the light 3.5 tonne segment.
Currently IVECO co. is included within
CNH Industrial N.V. which it is a global leader in the capital goods sector, through its various business, designs, manufactures and sells machines for the agricultural and construction equipment, trucks, commercial vehicles, buses and special vehicles, as well as a broad portfolio of powertrain applications.
Present in all major global markets, CNH Industrial aims to expand its presence in emerging markets and also through its joint ventures.
CNH Industrial N.V. was formed in November, 2012 and became operational at the end of September, 2013 following the completion of the merger of Fiat Industrial S.p.A. and CNH Global N.V.
Fiat Industrial began operations on January 1, 2011, following the spin-off of Iveco, CNH and FPT Industrial Fiat S.p.A.
CNH, a global player in the field of agricultural machineries and construction equipment, was established November 12, 1999 with the merger of New Holland N.V. and Case Corporation.
Its evolution is briefly outlined here.
Milestones in the history of Iveco SpA
1974 - The majority shareholding in
Magirus Deutz is bought by Fiat V.I. to simplify the creation of a European commercial vehicle group.
1975 - Foundation of the Iveco company.
1980 - Magirus Deutz sells its remaining share in Iveco (18%) to Fiat, and Iveco becomes a 100% subsidiary of Fiat SpA.
1986 - Purchase of the
Ford UK Truck Division. Iveco takes over the
Astra company of Piacenza, which manufactures construction site and dumper trucks.
1991 - Iveco acquires the
Pegaso company from the Spanish
Enasa group. Iveco also takes over the British company
Seddon Atkinson, which is already part of ENASA IVECO rileva anche la ditta britannica Seddon Atkinson già presente in Enasa.
1992 - Iveco buys out the Australian company
International Trucks Australia - ITAL.
1997 - Iveco returns to Brazil, building a brand new plant in Sete Lagoas (IVECO FIAT do Brasil).
1999 - The Iveco Bus Europe division and Renault Bus create
Irisbus.
2001 - Iveco buys out Renault's interest in
Irisbus, which becomes an integral part of the Iveco Group.
2003 - Astra acquires SIVI, a well-established company highly specialised in the field of vehicles for exceptional loads, Iveco's partner since 1982.
2006 - Iveco sells its shareholding in the Indian manufacturer Ashok Leyland, and creates a joint venture in China,
IVECO SAIC, to manufacture heavy vehicles.
2011 - Iveco, CNH and FPT Industrial will outsource from Fiat S.p.A. and are included in the new Fiat Industrial company.
2012 - CNH Industrial N.V. It was established in November, 2012 following the completion of the merger transactions of Fiat Industrial S.p.A. and CNH Global N.V..
2013 - CNH Industrial N.V. It became operational at the end of September, 2013.
