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Iveco

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Iveco is subsidiary of the Fiat group. Based in Turin, Italy, the company manufactures light-, medium-, and heavy-duty vehicles, off-road trucks, intercity buses and transportation coaches, and diesel engines. In addition, the company produces a range of specialty vehicles used in defense, civil protection, and fire-fighting.

Contents

[edit] History

The Fiat Group founded Iveco in 1975 when five very well known European-based commercial vehicle manufacturers were merged. The companies Fiat Veicoli Industriali (based in Turin, Italy), OM, Lancia Veicoli Speciali, Unic, and Magirus-Deutz were all amalgamated to form Iveco (Industrial Vehicle Corp.)[1]

The merging of companies from different countries presented a major language issue, resulting in a breakdown. Iveco rectified the problem by making English the official language of the company. Iveco executives and managers across in Italy, Germany, and France had to take English courses.

[edit] The Road to Expansion

In 1997 Iveco expanded into the United States, where it formed Iveco Trucks of North America. The business focused on the distribution of trucks with GVW of 10 to 13 tons powered by diesel engines that had previously only been used in heavy vehicles within the U.S.

Penetration of the North African market followed shortly after with the sale of 25,000 vehicles and the launch of two joint ventures: Libyan Trucks and Bus Co. in Libya and National Trucks Manufacturer Ltd. in Nigeria.[2]

In 1986 the U.K. became Iveco’s fourth largest domestic market after Italy, France, and Germany, when the company entered a 50-50 joint venture with Ford to form Iveco Ford Truck Ltd.[3] Also during the mid-1980s, Astra, a company involved in the production of quarry and construction vehicles, joined Iveco. Astra had been manufacturing dump trucks using rear and front axles and gearboxes from the U.S. since 1955.

In the '90s Iveco got involved in financing by signing an agreement with the Spanish government-owned financing company Ini, in which they acquired 60 percent of the voting capital in another company called Enasa.[4] Enasa had been involved in building Pegaso commercial vehicles since 1947. Spain became Iveco’s fifth largest domestic market.

Continued expansion efforts throughout the '90s brought the acquisition of the U.K.-based Seddon Atkinson, a company involved in the production of vehicles used in construction and refuse collection. The company also established Iveco International Trucks Australia in 1992, later renamed Iveco Trucks Australia Limited (ITAL) in 2001.

Iveco also struck up profitable and tactical partnerships in China and other Asian markets. By 2003 it had taken over Renault, a leader in the passenger transport sector. The takeover led to the formation of Iveco Motors in 2004.

Iveco continued to consolidate its worldwide presence with key business agreements and ventures in countries that exhibited a strategic payoff.

[edit] The Iveco Project

The Iveco Project was a company-wide undertaking to develop products that were individualized to customers' needs while taking into consideration economies of scale. The plan involved making changes over a five-year period through strategic standardization, or what became know as the “Standardized Product” range. Plants were to specialize in the production of the vehicle they produced and introduce standardized components that could be reconfigured into thousands of combinations. The cabs, engines, chassis, front axles, and gear boxes were totally reconfigured with the same criterion. The number of suppliers providing components was reduced from 2,000 to 700. As well, over 50 percent of Iveco employees changed jobs. The culmination of all the efforts put into the Iveco Project were felt when the company launched its well-received Euro Range. The range included a line of light-, medium-, and heavy-duty quarry and construction vehicles that were tailor-made but still mass-produced.[5]

[edit] A Royal Reward

On January 1, 2004 Iveco Ltd. (United Kingdom) received a Royal Warrant from Queen Elizabeth. Royal warrants are only granted to entrepreneurs or businesses whose services are considered to meet a level of excellence that would be suitable for the Royal Household. Only 800 companies currently have this designation.[6]

[edit] A Powerhouse in Diesel Engine Design

In 1980 Iveco designed the first turbo diesel engine. It was used for heavy commercial vehicles. The turbo diesel engine presented many advantages: increased power, better efficiency and overall engine performance at higher altitudes, and reduced emissions. The next advancement Iveco made in the design of its diesel engines came in 1985 when it introduced its first superfast, direct injection, light diesel engine. This was followed in 1989 with the design of the first diesel engine for light commercial vehicles with an EGR system to reduce emissions. In 1992 Iveco designed the first diesel engine with electronic control; in 1998, a diesel engine and variable geometry turbine; and in 1999, the first common rail design engine.

[edit] The Daily

The Daily was Iveco’s first real project—to develop a small, lightweight commercial vehicle that had the agility and comfort of a car. Launched in 1978, it involved four basic models with seven versions for a total of over 40 combinations. The Daily was a powered with a four-cylinder 8140 indirect injection diesel engine. After 27 years, the Daily is still extremely popular, with one unit being sold every five minutes somewhere in the world.[7]

[edit] The Eurocargo

The Eurocargo is Iveco’s medium range of commercial vehicles, weighing between six and 19 tons. The range includes dropside, box, tipper, and curtainside dumps, fire engines, cement mixers, and tank and reefer trucks.

[edit] The Stralis

The Stralis is Iveco’s range of heavy-duty commercial trucks.

[edit] The Trakker

The Trakker is Iveco’s range of quarry and construction trucks, launched in 2004.

[edit] Special Vehicles

Under this division, Iveco produces a heavy-duty dump truck, a rigid dump truck and an articulated dump truck.

[edit] The Company Today

Today Iveco employs over 27,000 people and operates 27 production plants in 16 countries around the world. Apart from its central base in Europe, it has developed a strong operating presence in China, Russia, Australia, Argentina, and Brazil. It also has 4,600 service outlets in over 100 countries.[8] According to a 2007 annual report, net revenues were €11,196 million.[9]

[edit] Equipment List

[edit] References

  1. History of Iveco. Iveco Official website. 02-02-2009.
  2. History of Iveco. Iveco Official website. 02-02-2009.
  3. History of Iveco. Iveco Official website. 02-02-2009.
  4. History of Iveco. Iveco Official website. 02-02-2009.
  5. Iveco International DNA. Iveco Official website. 02-02-2009.
  6. History of Iveco. Iveco Official website. 02-02-2009.
  7. History of Iveco. Iveco Official website. 02-02-2009.
  8. Iveco International DNA. Iveco Official website. 02-02-2009.
  9. Iveco Facts and Figures. Iveco Official website. 02-02-2009.

[edit] External Links

Iveco Official website