IVECO

Olof Persson to replace Gerrit Marx as CEO of Iveco Group starting from July 2024

Retrieved on: 
Dimanche, avril 21, 2024
Cerberus, Bombardier Transportation, Agriculture, Transport, Volvo, Volvo Construction Equipment, Capital market, IDV, Iveco, IVG, CNHI, Volvo Aero, Senior, FPT Industrial, IVECO, CNH Industrial, EXM, ASTRA, ABB, Management

The Board of Iveco Group N.V. (EXM: IVG) (or “the Group”) announces that Olof Persson will succeed Gerrit Marx as Group CEO when the latter leaves the Group to take up his appointment as the CEO of CNH Industrial N.V. (NYSE: CNHI) on 1st July 2024.

Key Points: 
  • The Board of Iveco Group N.V. (EXM: IVG) (or “the Group”) announces that Olof Persson will succeed Gerrit Marx as Group CEO when the latter leaves the Group to take up his appointment as the CEO of CNH Industrial N.V. (NYSE: CNHI) on 1st July 2024.
  • Suzanne Heywood, Chair of Iveco Group commented: “On behalf of everyone at Iveco Group I’d like to thank Gerrit for his energetic and successful leadership over the past two and half years and wish him every success in his new role.
  • In 2022 he joined the Board of Iveco Group as an Independent Director when the Group listed on Euronext Milan.
  • Iveco Group’s first quarter financial results will be presented by Mr. Marx, as planned, on 10th May 2024.

  Iveco Group announces the results of the Annual General Meeting

Retrieved on: 
Mercredi, avril 17, 2024
Annual, Agriculture, Remuneration, Policy, IDV, Iveco, Annual report, Finance, Indian stock exchange, IVG, Exercise, Senior, FPT Industrial, IVECO, EXM, ASTRA, AGM, Management

Iveco Group N.V. (EXM: IVG) (the Company or IVG) announces that its shareholders approved all the resolutions proposed by the Board of Directors (the Board) at its Annual General Meeting (AGM) held today in Amsterdam, the Netherlands.

Key Points: 
  • Iveco Group N.V. (EXM: IVG) (the Company or IVG) announces that its shareholders approved all the resolutions proposed by the Board of Directors (the Board) at its Annual General Meeting (AGM) held today in Amsterdam, the Netherlands.
  • adopted the 2023 Annual Financial Statements;
    approved the proposal to distribute a cash dividend of euro 0.22 per outstanding common share.
  • The new authorisation replaces the pre-existing one granted by the Annual General Meeting of Shareholders on 14th April 2023.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

Plus Named 2024 Edison Award Gold Winner for Innovative Autonomous Driving Software

Retrieved on: 
Mercredi, avril 24, 2024
Technology, General Automotive, Apps, Applications, Automotive, Trucking, Vehicle Technology, Autonomous Driving, Vehicles, Artificial Intelligence, Transport, Marketing, Software, Communications, Data Management, Logistics, Supply Chain Management, Safety, AI, ADAS, Carbon, Original equipment manufacturer, SuperDrive, Transurban, Thomas Edison, Gold, IVECO, Multimedia, Perception, Plus

Plus, a global leader in autonomous driving software solutions, announced today that it has been recognized as a Gold winner of the 2024 Edison Awards for its supervised autonomy software solution, PlusDrive ® , in the Innovative Services & Software Solutions category.

Key Points: 
  • Plus, a global leader in autonomous driving software solutions, announced today that it has been recognized as a Gold winner of the 2024 Edison Awards for its supervised autonomy software solution, PlusDrive ® , in the Innovative Services & Software Solutions category.
  • View the full release here: https://www.businesswire.com/news/home/20240424757599/en/
    Plus Named 2024 Edison Award Gold Winner for Innovative Autonomous Driving Software (Graphic: Business Wire)
    PlusDrive® is among the suite of autonomous driving software solutions offered by Plus to help OEMs and Tier 1s accelerate the development of next-generation vehicles.
  • Other innovative Plus products include PlusVision ™ , AI perception software designed to be used in advanced safety systems, ADAS applications, and higher levels of autonomy.
  • We are also grateful for our immensely talented team who continue to push the envelope in autonomous driving technology every day.”

Publication of Iveco Group’s results from Continuing Operations for 2022 and 2023 by Business Unit

Retrieved on: 
Lundi, avril 8, 2024
EXM, ASTRA, Small Business Saturday, Iveco, Agriculture, Financial services, IDV, Commercial, FPT Industrial, Adjustment, IVG, IVECO, Fire, Revenue

Iveco Group (EXM: IVG) announces the publication on its corporate website of its quarterly figures for 2022 and 2023 duly recast according to the Company’s new segment reporting structure by Business Unit, as presented on 14th March 2024 and effective starting from 1st January 2024.

Key Points: 
  • Iveco Group (EXM: IVG) announces the publication on its corporate website of its quarterly figures for 2022 and 2023 duly recast according to the Company’s new segment reporting structure by Business Unit, as presented on 14th March 2024 and effective starting from 1st January 2024.
  • Following the agreement with Mutares SE & Co. KGaA (ISIN: DE000A2NB650) regarding the divestiture of the Fire Fighting business, as of the first quarter of 2024 this Business Unit will be classified as “Discontinued Operations”.
  • Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

SaverOne Signs Milestone OEM Agreement with IVECO

Retrieved on: 
Mercredi, mars 27, 2024
EXM, Iveco, Digital, Partnership, Transport, Software, OEM, IVG, IVECO, Advanced technology

Petah Tikvah, Israel, March 27, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells transportation safety solutions, today announced that it has signed an OEM agreement with IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles. The agreement seals the collaboration to develop a solution to prevent driver distraction from cellphone use.

Key Points: 
  • The OEM agreement covers the integration of SaverOne’s safety technology within IVECO’s vehicles through their manufacturing line.
  • The first IVECO vehicles with the integrated SaverOne software solution are expected to be delivered this year.
  • IVECO and SaverOne will also collaborate within their service centers to offer comprehensive support for drivers that use this technology.
  • Integrating the SaverOne technology into our trucks advances our efforts to provide our customers with not only the most reliable and efficient vehicles on the market, but also the safest.”
    Ori Gilboa, CEO of SaverOne, stated, "We are thrilled to sign this milestone OEM agreement with IVECO, a leading European vehicle manufacturer.

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Retrieved on: 
Lundi, mars 18, 2024
EXM, ASTRA, Iveco, Agriculture, SLT, IDV, FPT Industrial, IVG, IVECO, Management

Until then he will continue to serve in his current responsibilities and to ensure continuity.

Key Points: 
  • Until then he will continue to serve in his current responsibilities and to ensure continuity.
  • The search process to identify Mr. Tutino’s successor is already under way, with a view to making an appointment by the end of this transitional period.
  • Gerrit Marx, CEO, Iveco Group, said: “I want to thank Francesco for his passion, tenacity and leadership.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

At its Capital Markets Day, Iveco Group updated its guidance for 2024 and presented the financial targets for the duration of the Plan

Retrieved on: 
Vendredi, mars 15, 2024
Indian stock exchange, EXM, ASTRA, Agriculture, EPS, CNH, Financial services, IDV, Sale, Public expenditure, FPT Industrial, Nature, Adjustment, Industrial, IVG, Investment, IVECO, Fire, Collection, CNH Industrial, Person

Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.

Key Points: 
  • Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.
  • Iveco Group’s management believes that these non-EU-IFRS financial measures provide useful and relevant information regarding its operating results and targets and enhance the readers’ ability to assess Iveco Group’s financial performance and financial position.
  • Iveco Group’s non-EU-IFRS financial measures are defined as follows:
    Adjusted EBIT: is defined as EBIT before restructuring costs and non-recurring items.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

Hyundai Motor and Iveco Group expand their partnership to explore synergies for electric heavy-duty trucks in the European markets

Retrieved on: 
Jeudi, mars 14, 2024
Hyundai Motor Company, Partnership, EXM, Fuel cell vehicle, Hyundai, IVG, International Motor Show Germany, LOI, IVECO, Iveco, Transport, Automotive industry

Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.

Key Points: 
  • Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.
  • Today the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a facing view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets.
  • Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved a series of significant milestones.
  • Notably, in September 2022, they unveiled the first IVECO eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover.

  Ford Trucks and IVECO sign Memorandum of Understanding to examine potential synergies

Retrieved on: 
Jeudi, mars 14, 2024
Ford Otosan, EXM, ASTRA, Iveco, Agriculture, Partnership, Tata Daewoo, Ford Motor Company, IDV, History, Ford, FPT Industrial, IVG, Memorandum of understanding, CO2, IVECO, Engineering, Automotive industry

Ford Trucks, the heavy commercial brand of Ford Otosan, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, have signed a non-binding Memorandum of Understanding (MoU) to explore a potential collaboration on development of a new cabin for heavy-duty commercial vehicles.

Key Points: 
  • Ford Trucks, the heavy commercial brand of Ford Otosan, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, have signed a non-binding Memorandum of Understanding (MoU) to explore a potential collaboration on development of a new cabin for heavy-duty commercial vehicles.
  • Present during the signing were Gerrit Marx, CEO of Iveco Group; Luca Sra, President of the Truck Business Unit at Iveco Group; Haydar Yenigün, President of Koç Holding Automotive Group; Güven Özyurt, General Manager of Ford Otosan and Emrah Duman, Vice President of Ford Trucks.
  • Further information is available on the Company’s website www.ivecogroup.com
    Ford Otosan was founded in 1959, Ford Otosan (Ford Otomotiv Sanayi A.Ş.)
  • Ford Otosan's heavy commercial vehicle brand, Ford Trucks, with over 60 years of history in local and global markets, is shaping the future with its engineering and technological power.

Iveco Group announces an agreement with Mutares to transfer the ownership of MAGIR

Retrieved on: 
Mercredi, mars 13, 2024
Magirus, EXM, ASTRA, Iveco, Agriculture, IDV, FPT Industrial, IVG, IVECO, Mutares, Firefighter, HQ

Iveco Group (EXM: IVG) and Mutares SE & Co. KGaA (ISIN: DE000A2NB650), an investment holding focused on special situations transactions, announced today the signing of a definitive agreement for the transfer of ownership of Magirus GmbH and its affiliates performing firefighting business (“MAGIRUS”).

Key Points: 
  • Iveco Group (EXM: IVG) and Mutares SE & Co. KGaA (ISIN: DE000A2NB650), an investment holding focused on special situations transactions, announced today the signing of a definitive agreement for the transfer of ownership of Magirus GmbH and its affiliates performing firefighting business (“MAGIRUS”).
  • In 2023, MAGIRUS represented approximately 2% of Iveco Group revenues and recorded an Adjusted EBIT loss of €35 million.
  • As a result of this transaction, Iveco Group 2024 results will be negatively impacted by approximately €115 million in the first quarter of 2024.
  • Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres.