Iveco Group turned to Cassa Depositi e Prestiti (CDP) in Italy for a 150 million euro term loan facility. The money will be used to support R&D investments, as well as innovation projects.

“Through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025″, wrote Iveco Group in an official statement.

Highlights

Related articles

Krone unveils new LED lighting system for trailers

The three central light functions – tail light, brake light and indicator – are no longer separate, but combined in a single light chamber. These functions are supplemented by separate reversing lights and triangular reflectors. The rear fog light is located in the licence plate module. Intelligent ...
News

Einride divests design organization, now acquired by Navisalma Design

The divestment was done through a business transfer at fair market value, based on an independent third-party valuation. Einride will retain a minority ownership stake in the company and has signed a three-year retainer agreement with Navisalma Design to provide for the Einride’s brand, design, and ...
News

Petit Forestier to get €150 million finance contract from EIB

With these new vehicles built on European chassis frames, 5% of Petit Forestier Group's fleet will be electric. The project will thus contribute to the gradual electrification of road transport and urban distribution in Europe. "Accelerating the deployment of 4 000 vehicles over the 2026-2029 period...
News