Iveco Group has successfully signed a €150 million term loan with Cassa Depositi e Prestiti (CDP) for the implementation of new projects in Italy dedicated to research, development and innovation.

In particular, thanks to the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and deepen solutions for autonomous driving, digitalization and vehicle connectivity with the aim of increasing efficiency, safety, driving comfort and productivity.

The funded investments, which will have an amortization profile of five years, will be implemented by Iveco Group in Italy by the end of 2025.

Highlights

The bus industry’s smartphone moment

On 18 March 1895, at 6:25 in the morning, the world’s first motor bus line opened between Siegen, Netphen and Deuz. The vehicle was a Benz Landauer. It had eight seats, a one-cylinder engine of five horsepower, and fifteen kilometres of bad road ahead of it. On the steepest hill, the passengers had ...

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