Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Iveco Shopping for Heavy Truck Maker

Iveco is ready to consider joint ventures and alliances to expand its presence in medium trucks but wants to buy a heavy truck maker, CEO Giancarlo Boschetti reportedly told the Financial Times. Iveco is one of Europe's leading manufacturers of light commercial vehicles and one of the most profitable divisions of Italy's Fiat, but it lacks sufficient scale to make much of a dent in the medium and heavy truck markets.

by Staff
May 25, 2000
1 min to read


Iveco is ready to consider joint ventures and alliances to expand its presence in medium trucks but wants to buy a heavy truck maker, CEO Giancarlo Boschetti reportedly told the Financial Times. Iveco is one of Europe's leading manufacturers of light commercial vehicles and one of the most profitable divisions of Italy's Fiat, but it lacks sufficient scale to make much of a dent in the medium and heavy truck markets.

According to the Times, Boschetti said that consolidation in heavy trucks is a priority and that the company prefers an acquisition rather than a joint venture. "The risk of a joint venture is a stalemate and standstill between the partners," he said. "It would be better to have the command clearly defined."
He declined to name possible candidates but Fiat supposedly is talking to Germany's MAN regarding the purchase of its heavy truck business. Navistar International has also been mentioned as a possible partner but that seems to be little more than speculation at this point.
Meantime, Iveco is planning to augment its strong presence in light trucks with an aggressive move into automotive services such as finance leasing and vehicle rental. Boschetti said that service activities currently account for 3-4% of Iveco's profits but they expect that to reach 40-50% in three or four years.

Topics:Equipment

More Equipment

Waabi-Volvo autonomous VNL truck.
Equipmentby Jack RobertsJune 26, 2026

Waabi, Volvo Claim Breakthrough in Scaling Autonomous Trucking

Waabi says its AI-powered virtual driver successfully transferred to Volvo Autonomous Solutions' Volvo VNL Autonomous platform without retraining or additional data, a milestone the companies say could dramatically accelerate commercialization of autonomous trucks.

Read More →
2026 Mack Pioneer
Equipmentby Jack RobertsJune 25, 2026

Why the Mack Pioneer Signals a New Era in Class 8 Truck Design

After a public-road drive through eastern Pennsylvania, one thing became clear: Mack's new Pioneer isn't simply packed with technology -- it's been engineered around the driver in ways that could redefine long-haul trucking.

Read More →
Rep. Ryan Mackenzie on Mack Defense order.
EquipmentJune 23, 2026

Mack Defense Secures $47 Million to Continue Military Dump Truck Production

President Trump visited Mack Defense’s Macungie, Pennsylvania, facility on June 23 to tout a $47 million Heavy Dump Truck order.

Read More →
Ad Loading...
Mack Truck Museum, Allentown, PA.
Equipmentby Jack RobertsJune 23, 2026

New (Antique) Trucks Take the Spotlight at the Mack Trucks Museum

The Mack Trucks Historical Museum has a slate of new historic vehicles on display this year.

Read More →
Illustration of toy truck on top of 100-dollar bills, with logos for Wex and TFS Financial
Equipmentby News/Media ReleaseJune 23, 2026

WEX, TFS Launch Equipment Financing Program for Trucking Fleets

The companies say the program uses technology to connect fleets with financing providers more efficiently than traditional lending channels.

Read More →
Line of vintage trucks
EquipmentJune 19, 2026

Historic, Vintage, and Antique Trucks at the 2026 ATHS Convention

More than 500 trucks were on display, indoors and out, at the 2026 American Historical Society annual convention in Springfield, Missouri.

Read More →
Ad Loading...
Illustration showing DEF tank and Detroit engine
Equipmentby Deborah LockridgeJune 18, 2026

DTNA Software Update Gives Truckers More Time Before DEF Derates Take Effect

The changes reflect EPA guidance aimed at reducing downtime caused by emissions-system faults while maintaining compliance requirements.

Read More →
photo of a military truck with "Great American Trucks" wording on top of red-white-and-blue background.
Equipmentby Jack RobertsJune 16, 2026

Great American Trucks: The International MaxxPro MRAP

Built from an International WorkStar chassis and powered by a MaxxForce diesel, the MaxxPro MRAP became one of the most important military trucks of the Iraq War era.

Read More →
2026 Mack Granite interior.
Equipmentby News/Media ReleaseJune 11, 2026

New Mack Granite Cab Puts Driver Comfort Front and Center

Mack’s next-generation vocational truck features a roomier cab, premium seating, advanced steering technology, and a driver-focused interior designed with direct input from professional operators.

Read More →
Ad Loading...
Mack Trucks Pioneer Nascar Salutes truck.
Equipmentby News/Media ReleaseJune 11, 2026

Mack Unveils Fan-Selected Patriotic NASCAR Pioneer Wraps

Racing fans picked the patriotic design now featured on three Mack Pioneer trucks hauling NASCAR equipment across the country during the 2026 season.

Read More →