Iveco /

Iveco , an acronym for Industrial Vehicle Corporation, originally an alliance of European commercial vehicle manufacturers such as Fiat (including OM and Lancia Veicoli Speciali), Unic and Magirus. Iveco is now an Italian truck, bus, and diesel engine manufacturer, based in Turin. The firm is a subsidiary of Fiat Industrial, having been demerged from the Fiat Group at the start of 2011, 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). Today the company is a significant player in the medium-duty trucks and engine markets, and is near the top for sales of passenger transport and 3.5 ton light vehicles. The company is dominated by Fiat Group, and was created on 1 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), Officine Meccaniche (Brescia), Lancia Veicoli Speciali (Bolzano), Unic (Trappes) and Magirus (Ulm). In 1990, Iveco acquired 60% of ENASA, a leading truck manufacturer and makers of Pegaso brand of commercial