Iveco Group obtains 150 million euro loan to back up R&D investments

"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", stated the group.

By segreteria

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

Daimler Truck and Toyota definitely agree on FUSO-Hino merge

A new company will be set in 2026, headquartered in Tokyo, and will be listed at the Tokyo Stock Exchange. Karl Deppen, current Mitsubishi FUSO CEO, will lead the company, at first. Further details on the scope and nature of the collaboration, including the name of the new holding company, are inten...

The all-new Volvo VNL truck won the 2025 Red Dot Award for Product Design

Volvo VNL for long haul was introduced in January 2024 and represents a 90% redesign from previous models. It features several new enhancements to drive productivity, safety, profitability, and sustainability for trucking companies. the current VNL is ready for possible zero-emission version of the ...