Iveco (stylized in
all caps as
IVECO) was incorporated on 1 January 1975, with the merger of five different brands:
Fiat Veicoli Industriali (with headquarters in Turin),
OM (
Brescia, Italy),
Lancia Veicoli Speciali (Italy),
Unic (France), and
Magirus-Deutz (Germany). Following the merger, the newly founded Iveco began rationalizing its product range, manufacturing plants, and sales network, while keeping the original brands. From 1975 to 1979, the Iveco range included 200 basic models and 600 versions spanning from 2.7 tons of GVW for light vehicles to over 40 tons for heavy vehicles, as well as buses and engines. In 1977, the light- to medium-weight
Iveco Zeta range was introduced, replacing the 20-year-old
OM Lupetto. Integrating the Fiat-OM range with the Unic and Magirus lineups was completed by 1980. IVECO moved in to work on increasing productivity and engine development. In 1980, Iveco built a
turbo diesel engine for heavy industrial vehicles. In 1984, Iveco launched the TurboStar, a heavy on-road vehicle that became a best-seller in Italy and also successful in the European market, selling a total of 50,000 units in seven years. In 1985, Iveco made the first light diesel engine with
direct injection. From 1986, Iveco S.p.A. held a 52% stake in Iveco Ford Truck Ltd, a joint venture (and effectively a merger) with
Ford of Europe's truck division. Ford plants took over production and sales of the major vehicles in the Iveco range and continued production of the
Ford Cargo. In the mid-1980s,
Astra Veicoli Industriali, which produces
dumpers and construction site/quarry vehicles in
Piacenza, became part of Iveco Group. In 1989, the first
Diesel engine with EGR to reduce
polluting emissions compatible with commercial vehicles was produced, and the new Daily launched that same year was fitted with it. English company
Seddon Atkinson was purchased in 1991 and brought its long heritage of special vehicles for the construction and refuse-collection industries. That same year, the first TurboDaily assembly line was inaugurated at the Nanjing Motor Corporation in China. In 1991, Iveco announced it was withdrawing from the North American market at the end of the year; they had been selling the midrange
Iveco Z/Euro there since 1978. In 1992, Iveco took over the primary constructor of industrial vehicles in Australia to form Ital, originally called International Trucks Australia. In 1996 firefighting activities in Germany were structured under the company Iveco Magirus Brandschutztechnik GmbH. The following year, these activities were boosted by the arrival of an Austrian company, Löhr, which then became Löhr Magirus. was celebrated together with the delivery of the 5000th Magirus aerial ladder produced since the Second World War. In 2000, it was renamed
Iveco Trucks Australia Limited. In 2004, the Iveco Motors brand was introduced, which became an umbrella for the production of engines; the following year, it was incorporated into the newly founded
Fiat Powertrain Technologies. At the end of 2004, an agreement was reached between Iveco and the Chinese company
SAIC Motor to form
SAIC Iveco Hongyan. On 1 January 2011,
Fiat Industrial was formed, incorporating
CNH, Iveco, and FPT Industrial. In September of the same year, the Fiat Industrial Village was inaugurated in Turin, a multipurpose centre belonging to Fiat Industrial and created for the sales, assistance, and product presentation for the Iveco, New Holland, and FPT Industrial brands. On 11 November 2021, Iveco published the prospectus in order to split from
CNH Industrial which will be operated as a publicly separated company named Iveco Group N.V. After the completion of the demerger, on 1 January 2022 Iveco became a part of Iveco Group N.V., the parent company of the trucks and speciality vehicles, powertrain and related financial services businesses previously held by CNH Industrial. As of 2023, the company forms part of the
Dow Jones Sustainability Indices. On 30 July 2025, Iveco announced the sale of its defence businesses, consisting of the IDV and Astra brands, to
Leonardo. The remaining commercial vehicle business will be sold to
Tata Motors. Both transactions are expected to complete in the first half of 2026. == Main shareholders ==