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February 14, 2016 4:25 PM ET


Company Overview of IVECO S.p.A.

Company Overview

IVECO S.p.A. manufactures light, medium, and heavy commercial vehicles; city and intercity buses and coaches; fire fighting vehicles; defense vehicles; and off-road vehicles for construction and mining work. The company offers heavy, medium, and light transport vehicles for urban, intercity, and off-road use; commercial vehicles for the transport of cargo and passengers; vehicles that provide relief in the case of fire threat, hazard, and natural disasters; construction and mining equipment, including rigid and articulated heavy duty dump trucks, and specialized vehicles; special purpose vehicles, such as logistic, multirole, and armored vehicles for defense and civil protection applications...

Via Puglia 35

Turin, TA 10156


Founded in 1975


39 01 10 07 21 11


39 01 10 07 45 55

Key Executives for IVECO S.p.A.

Chief Financial Officer
Chief Operating Officer
Age: 70
Chairman and Chief Executive Officer of Fiat
Age: 63
President of Specialty Business Unit
Age: 41
Compensation as of Fiscal Year 2015.

IVECO S.p.A. Key Developments

IVECO S.p.A. to Deliver First 50 Stralis LNG Euro VI Vehicles to LC3

IVECO S.p.A. received its first contract order for 50 Stralis Hi-Ways powered by liquefied natural gas (LNG). The vehicles will be used by LC3, a company specialising in temperature-controlled transport and container lorries that has continuously strived to equip its fleet with alternative technological solutions capable of reducing the vehicles' environmental impact. The Stralis Natural Power LNG is powered by a 330 hp Cursor 8 CNG Euro VI engine. It is fitted with a 510 litre cryogenic LNG fuel tank and 4x70 litre CNG tanks ensuring a fuel range of over 750 km. Because of these factors, the vehicles can be used for medium/long-term distances.

Iveco Appoints SSK Group Sales and Service as Exclusive Distributor

Iveco announced that it is planed to sell 200 trucks in Thailand during 2014. The company has appointed SSK Group Sales and Service as its exclusive distributor in the country.

F. A. Trucks Sdn. Bhd. Enters into Distributorship Agreement with IVECO

The Board of Directors of MBMR announced that F.A. Trucks Sdn. Bhd. has entered into a Distributorship Agreement with Iveco S.p.A. for the appointment of FATSB as the authorised distributor for the sale and service of IVECO vehicles and IVECO genuine spare parts in Malaysia. The DA enables MBMR to expand further its motor trading division, broaden the Group's revenue base and complement the Group's existing operations, in line with MBMR's plan to become one of the leading and most complete automotive groups in Malaysia. The terms of the DA were agreed upon on even date with the execution of the DA between FATSB and IVECO. The DA is an agreement between FATSB and IVECO whereby FATSB is appointed the exclusive distributor for the sale of IVECO vehicles and non-exclusive distributor for vehicle service and the sale of IVECO genuine spare parts in Malaysia. The DA grants the exclusive right to FATSB to distribute and resell IVECO vehicles in Malaysia. FATSB shall import from IVECO or its affiliates IVECO vehicles and distribute and sell within Malaysia through its own outlets or appointed authorised dealers. FATSB shall also provide on a non-exclusive basis the aftersales service of IVECO vehicle through its own outlets or appointed authorised workshops. FATSB, as the distributor, shall organise the promotion, sales and services of IVECO vehicles via the setting up of sales facilities, workshops and warehouse facilities and comply with the IVECO corporate identity requirements. The DA is effective from 1 August 2014 and shall remain in effect for an indefinite term until voluntarily terminated at any time by either Party giving to the other at least twelve (12) months prior written notice or upon shorter notice in certain defined circumstances as provided in the DA. During the first three (3) years from the effective date of the DA neither Party can terminate the DA without cause. The DA shall be governed by the laws of Italy. The execution of the DA is not expected to have any material effect on the earnings, net assets and gearing of MBMR for the current financial year ending 31 December 2014 although the Company expects a positive contribution from the IVECO distributorship to its earnings in the coming years.

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