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.

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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.

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