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GTT (Gruppo Torinese Trasporti) with IVECO BUS and ENEL X for Electric Mobility in Turin

GTT (Gruppo Torinese Trasporti) with IVECO BUS and ENEL X for Electric Mobility in Turin

Final meeting today of the Tender Committee for the supply of 225 new electric buses: IVECO BUS with Enel X and IVECO Orecchia at the top of the list. Turin, July 12 (Korea Bizwire) – 225 new, full electric buses with the supply and installation of charging infrastructures and accumulation systems, for more than 150 million euros in funding [...]

Iveco Group’s Acquisition of the Full Control of Nikola Iveco Europe

Iveco Group’s Acquisition of the Full Control of Nikola Iveco Europe

Turin, June 30 (Korea Bizwire) – Iveco Group N.V. (MI: IVG) announces that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9th May 2023, its subsidiary Iveco S.p.A. has acquired the full and sole ownership of the German company resulting from the former joint venture Nikola Iveco Europe, now [...]

Iveco Group Initiates Transition to New Chief Financial Officer

Iveco Group Initiates Transition to New Chief Financial Officer

Turin, June 28 (Korea Bizwire) – Iveco Group N.V. (MI: IVG) today announces that Francesco Tanzi, having contributed importantly to the Company’s successful spin-off and first year of independence in his role as Chief Financial Officer, will be taking up a new position in another industry sector by the end of the third quarter of this year. [...]

Iveco Group 2023 First Quarter Results

Iveco Group 2023 First Quarter Results

The following is an extract from the “Iveco Group 2023 First Quarter Results” press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: https://www.ivecogroup.com/media/corporate_press_releases or consulting the accompanying PDF: Iveco Group consolidated revenues of €3.4 billion (up 11.5% year-on-year). Adjusted EBIT of €162 million and adjusted net income [...]

Impacts on Iveco Group Financial Statements Deriving from the Announced Transaction with Nikola Corporation

Impacts on Iveco Group Financial Statements Deriving from the Announced Transaction with Nikola Corporation

Turin, May 9 (Korea Bizwire) – With reference to the announced transaction through which Iveco Group (MI: IVG) will assume full ownership from Nikola Corporation of the joint venture in Europe, Iveco Group will record a one-off €44 million negative impact in its income statement for Q1 2023, qualified as “adjusting item” for the purpose of [...]

Iveco Group and Nikola Corporation Enter a New Partnership Phase; Iveco Group to Assume Ownership of JV

Iveco Group and Nikola Corporation Enter a New Partnership Phase; Iveco Group to Assume Ownership of JV

Turin, Italy, May 9/Phoenix, AZ, USA, May 8 (Korea Bizwire) – Iveco Group N.V. (MI: IVG) and Nikola Corporation (NASDAQ: NKLA) announce today that they are excited to enter a new phase of their partnership, which started in 2019 and has so far met all milestones to leverage the respective expertise to deploy zero-emission heavy-duty (Class [...]

Iveco Group N.V. to Present Its 2023 First Quarter Results on 11th May 2023

Iveco Group N.V. to Present Its 2023 First Quarter Results on 11th May 2023

Turin, April 27 (Korea Bizwire) – Iveco Group N.V. (MI: IVG) confirmed today that its financial results for the First Quarter of 2023 will be presented on Thursday, 11th May 2023. A live audio webcast of the conference call will begin at 11:00am CEST / 10:00am BST on Thursday, 11th May 2023. Details for accessing the webcast are available at [...]

Iveco Group Inaugurates Its New Plant in Foggia and Returns to Producing Buses in Italy

Iveco Group Inaugurates Its New Plant in Foggia and Returns to Producing Buses in Italy

Turin, April 18 (Korea Bizwire) – IVECO BUS, the urban, intercity and tourism bus brand of Iveco Group N.V. (MI: IVG), inaugurated today its new Foggia plant dedicated to the production of zero- and low-emission buses, in front of public authorities, trade union representatives, customers, suppliers and partners. Adolfo Urso, Minister for Business and Made in [...]

In 2023 IVECO BUS Will Support Local Public Transport in Italy with More than 1,000 New Buses Through Consip

In 2023 IVECO BUS Will Support Local Public Transport in Italy with More than 1,000 New Buses Through Consip

Turin, April 17 (Korea Bizwire) – IVECO BUS, the urban, intercity and tourism bus brand of Iveco Group N.V. (MI: IVG), with its electric E-WAY bus has qualified for a considerable amount of lots in a tender just awarded by Consip, the central purchasing body of the Italian public administration. Of the 925 vehicles under these lots, [...]

Miovision Acquires Global Traffic Technologies (GTT)

Miovision Acquires Global Traffic Technologies (GTT)

Fourth acquisition brings traffic signal priority solution to the Miovision platform ST. PAUL, Minn., April 17, 2023 (Korea Bizwire) – Miovision, whose scalable intelligent transportation solutions help cities reduce traffic congestion while improving safety, has acquired Global Traffic Technologies (GTT). GTT, whose Opticom product line is a market-leading emergency pre-emption and traffic signal priority solution, was one [...]