company industry manufacturing founded 1975 in turin headquarters turin italy area served europe south america costa rica cuba middle east east asia china taiwan south korea southeast asia kazakhstan australia key people pierre lahutte products heavy commercial vehicles medium commercial vehicles light commercial vehicles quarry construction site vehicles special vehicles city and intercity buses firefighting vehicles defence vehicles revenue 4 900 000 000 number of employees approximately 25 000 parent cnh industrial subsidiaries list transportation iveco bus heuliez bus iveco astra iveco magirus zastava trucks 46 % defence vehicles iveco china naveco 50 % saic iveco hongyan industrial saic iveco fpt hongyan finance iveco capital website iveco.com iveco an acronym for industrial vehicles corporation is an italian industrial vehicle manufacturing company based in turin italy and entirely controlled by cnh industrial group . it designs and builds light medium and heavy commercial vehicles quarry construction site vehicles city and intercity buses and special vehicles for applications such as firefighting off road missions the military and civil defence . the name iveco first appeared in 1975 after a merger of italian french and german brands . 1 its production plants are in europe brazil russia australia africa argentina and china and it has approximately 5 000 points of sales and service in over 160 countries . the worldwide output of the company amounts to around 150 000 commercial vehicles with a turnover of about 10 000 000 000 . 2 contents 1 history 2 brands 2.1 iveco trucks 2.1.1 iveco platforms 2.2 iveco bus 2.3 heuliez bus 2.4 iveco astra 2.5 iveco magirus 2.6 defence vehicles 2.7 iveco capital 2.8 joint ventures 3 facilities 3.1 vehicles 3.1.1 joint ventures 3.2 engines 4 financials 5 emissions and alternative fuels 5.1 euro vi engines with scr technology 5.2 electric drive 5.3 diesel electric parallel hybrid traction 5.4 diesel electric hybrid 5.5 cng compressed natural gas 5.6 lng liquefied natural gas 5.7 iveco trakker bifuel diesel ethanol prototype 5.8 heating and air conditioning systems 6 awards 7 iveco vehicles 8 see also 9 references 10 external links history edit iveco was incorporated on 1 january 1975 with the merger of five different brands fiat veicoli industriali with headquarters in turin italy om brescia italy lancia veicoli speciali italy unic france and magirus deutz germany . 3 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 a light vehicle to over 40 tons for heavy vehicles as well as buses and engines . 4 5 in 1977 the light to medium weight iveco zeta range was introduced replacing the twenty year old om lupetto . integrating the fiat om range with the unic and magirus lineups was completed by 1980 . 6 iveco moved in to work on increasing productivity and engine development . 6 in 1978 iveco launched the first product in the range of light vehicles branded iveco the daily . 7 the product was originally conceived as a small industrial vehicle reliable and structurally sound . in 1980 iveco built the first turbo diesel engine for heavy industrial vehicles . 8 in this decade the corporate strategy was heavily oriented towards brand promotion and led to the sponsorship of sports events such as the 1980 olympic games in moscow the davis cup in 1982 the jacques cousteau expeditions in the amazon basin in 1983 and the raid pigafetta during which the iveco fiat 75 pc 4x4 was first to make a full circle of the globe . 9 two new divisions were also formed bus diesel engines and firefighting vehicles . 10 in 1984 iveco launched the turbostar 11 a heavy on road vehicle that became a best seller in italy and an important player in the european market selling a total of 50 000 in seven years . 12 in 1985 iveco made the first light diesel engine with direct injection . 13 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 . 14 in the mid 1980s astra which produces dumpers and construction site quarry vehicles in piacenza became part of iveco group . 15 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 . 14 in 1990 the group purchased 60 % control of the spanish industrial company enasa which owned the industrial vehicle builder pegaso . 14 in the 1990s the eurocargo eurotech eurotrakker and eurostar vehicles represented a total facelift for the range . 14 the eurocargo and the eurotech were named truck of the year in 1992 and 1993 respectively and for the first time this recognition was awarded to the same manufacturer for two years in a row . 16 in 1991 the english company seddon atkinson was purchased and brought its long heritage of special vehicles for the construction and refuse collection industries . 17 that same year the first turbodaily assembly line was inaugurated at the nanjing motor corporation in china . 18 in 1992 iveco took over the primary constructor of industrial vehicles in australia to form ital originally called international trucks australia . in 2000 it was renamed iveco trucks australia limited . 17 in 1995 iveco signed an agreement with yuejin motor corporation of nanjing to form the naveco joint venture for the production of light vehicles and diesel engines . in the meantime the firefighting vehicles division signed an agreement with sinopec group for the assembly of special vehicles with foam extinguishers in china . in 1996 firefighting activities in germany were structured under the company iveco magirus brandschutztechnik gmbh . 19 the following year these activities were boosted by the arrival of an austrian company l hr which then became l hr magirus . 17 the italian plant in foggia broke the record of 2.5 million engines produced in 20 years . in 1999 the production of diesel powertrains reached its highest volume of 405 000 units . in 1998 cursor 8 was launched followed the next year by cursor 10 the first diesel engine with a variable geometry turbine and the first common rail diesel engine for heavy industrial vehicles . 19 the 125th anniversary of the presentation of the first magirus ladder 20 was celebrated together with the delivery of the five thousandth magirus aerial ladder produced since the second world war . 19 in 2003 iveco entirely bought out irisbus originally part of a joint venture with renault . 21 in 2004 iveco motors brand was born which became an umbrella for the production of engines and the following year it was incorporated into the newly founded fiat powertrain technologies . at the end of 2004 the agreement was reached between iveco and the chinese company saic shanghai automotive industry corporation . 22 in 2006 iveco sponsored the winter olympic games in turin with a fleet of 1 200 iveco irisbus buses . 23 the year after iveco became sponsor of the all blacks new zealand s rugby team . 24 in 2009 iveco became the trucks and commercial vehicle supplier for the moto gp 25 together with the historical sponsorship to the ferrari racing team for which it supplies the vehicles that transport the single seaters at all the formula 1 world championship races . 26 on 1 january 2011 fiat industrial was formed incorporating cnh iveco and fpt industrial . 27 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 . 28 on 15 january 2012 iveco won the 33rd edition of the dakar rally with the petronas de rooy team and the dutch driver gerard de rooy behind the wheel of an iveco powerstar . de rooy was followed by drivers stacey and biasion behind the wheel of two iveco trakker evolution 2 vehicles equipped with an fpt industrial c13 engine with over 900 hp . 29 brands edit iveco trucks edit iveco is the brand under which the light medium and heavy vehicles are sold . the range of light vehicles is made up of the new daily in its versions from 2.8 t to 7.0 t and with 4x4 drive . the range of medium vehicles includes the eurocargo available from 7 t to 19t and with 4x2 or 4x4 drive . 30 stralis and trakker from 19 t to 72 t make up the heavy vehicle range in two three or four axled versions with all wheel drive or two wheel drive . 31 iveco platforms edit light to medium s series 1978 daily also sold as a fiat and as the om grinta . turbodaily from 1986 . z series 1976 zeta . also sold as a fiat om magirus deutz and as a saurer om . turbozeta from 1987 . medium iveco magirus mk 1975 iveco badged versions of magirus club of four cab were sold in germany and some other markets . ford cargo sold as an iveco ford in the uk from 1986 until 1991 . eurocargo 1991 replaced the zeta . full model change in 2003 now with bertone design . heavy p t ta 1970 bonneted magirus deutz off road truck with iveco badging from the early 1980s . built until 2003 mainly for non european markets for the last decade . n series 1976 also nc and nvn . also known as the turbo or t series and originally sold as a fiat . facelifted in 1981 . 32 turbostar turbotech 1984 similar to the n series . turbostar is the more luxurious model intended for long distance operations eurostar tech trakker 1993 . direct successors to the turbostar turbotech with the eurotrakker being intended for offroad or construction work . powerstar 1999 a bonneted truck built and sold in australia using the turbostar cabin and continuing international australia s earlier conventional line stralis 2002 replaces the heavy euro series . facelifted in 2007 and again in 2012 . trakker 2004 replaces the offroad construction eurotrakker and uses the same cabin as the stralis iveco bus edit irisbus was a brand specialising in passenger transport vehicles spanning from minibuses to buses for city and intercity transportation and tour buses . on 24 may 2013 the brand was relaunched as iveco bus . 33 34 heuliez bus edit iveco astra edit main article astra company iveco astra is a brand dedicated to off road vehicles for construction and mining industry . it produces heavy on road and off road vehicles as well as heavy tractors for road transport and logistics vehicles including armoured vehicles for the military . the company was founded in 1946 but has been part of iveco since 1986 . 35 iveco magirus edit main article magirus iveco magirus is the brand dedicated to firefighting vehicles and their fittings . iveco magirus also produces aerial ladders an industry in which it is the world leader . it was founded in 1866 as magirus kommanditist by conrad dietrich magirus fire chief in ulm germany who also invented the ladders for the firefighting vehicles . 36 defence vehicles edit defence vehicles specialises in military vehicles . its headquarters are located in bolzano where the iveco lmv is produced one of the brand s most famous vehicles used by many armies in europe and abroad . 37 iveco capital edit iveco capital is iveco s financial division which provides financing for customers to purchase vehicles