Iveco is an Italian truck, bus, and diesel engine manufacturer, based in Turin, Italy. It is a subsidiary of the Fiat Group, and produces around 200,000 commercial vehicles and 460,000 diesel engines annually, and for the year ended 2007 the company had €11,196 million in sales (revenues).
The name is an acronym for Industrial Vehicle Corporation, an alliance among European commercial vehicle manufacturers such as Fiat (including OM and Lancia Veicoli Speciali), Unic and Magirus.
Today the company is a significant player in the medium-duty commercial vehicle and engine markets, and is near the top for sales of passenger transport and 3.5 ton light vehicles.
Iveco became the All Blacks' global sponsor in January 2007.
The company is dominated by Fiat Group, and was created on 1st January 1975 by Fiat manager and mechanical engineer Bruno Beccaria (1915-2001) through the merger of five companies operating in Italy, France and Germany; Fiat Veicoli Industriali (located in Turin), OM (Brescia), Lancia Veicoli Speciali (Bolzano), Unic (Trappes) and Magirus (Ulm).