The company's current share of the European truck market is 18.3%, second only to DaimlerChrysler. The recent Volvo/Renault and Volkswagen/Scania alliances have created strong competition, but Boschetti said they won't act hastily. "We know that a mistaken accord would be a lot worse than no accord at all," he said.
European analysts say Germany's MAN or Paccar-owned DAF are logical candidates. Navistar International has also been mentioned by Italian newspapers as a possible Iveco partner.