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Iveco Truck Spinoff Targets Growth in Challenging Industry Shift

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Iveco Group will start trading later Monday in Milan, following Daimler’s spinoff of its truck division to better confront the industry’s move away from diesel engines

Controlled by Italy’s billionaire Agnelli family,aims to extract more value from separated agricultural equipment brands like New Holland and its truck- and

bus-making unit. Iveco targets raising net sales from industrial activities to as much as 17.5 billion euros by 2026 from 11.8 billion in 2019, the company said in November.

 

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