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

DAF Trucks President, Harald Seidel, to retire at the end of June

"After 25 wonderful years at DAF and nine years serving in the Board of Management, I will retire as DAF President per mid July and pass the DAF leadership baton per July 1st to my successor Jim Walenczak". With these words, DAF Trucks President, Harald Seidel, announced quite a relevant change at t...

Scania Longline cab enters series production

According to the Swedish truck maker, the new cab will be offered as a low-volume, factory-certified solution for customers seeking extended space, comfort and flexibility. The project started in 2022, following Scania’s established approach to special applications. Sales begin in April 2026, with f...