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

Volvo VNL 860 Sleepers, major order in the U.S.

According to the truck maker, the all-new Volvo VNL, which won the Red Dot Design Award for Product Design in the commercial vehicles category in 2025, delivers up to a 10% improvement in fuel efficiency over the previous model through advanced aerodynamics and powertrain refinements.
News

Dachser inaugurates new logistics center in Unna, Germany

Following the opening of the 10,800 square-meter warehouse last November, operations began in February at the 9,400-square-meter transshipment terminal and the 3,500-square-meter office. About 170 people already work in Unna, with the overall number expected to grow up to more or less 300 employees ...