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Italy's Iveco Group sees 20% revenue growth to 2028 as it expands partnerships
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Italy's Iveco Group sees 20% revenue growth to 2028 as it expands partnerships
Mar 14, 2024 5:27 AM

TURIN, Italy, March 14 (Reuters) - Italian bus and truck

maker Iveco Group ( IVCGF ) said on Thursday it forecast revenue

growth of 20% by 2028 as it unveiled a new business plan focused

on an expanding product portfolio and industrial partnerships.

Iveco ( IVCGF ) said its net revenues from industrial activities would

rise to around 19 billion euros ($20.8 billion) in 2028, from

15.877 billion euros last year.

The company said it would extend and deepen its existing

partnership with Hyundai Motor ( HYMTF ) in the area of

electric heavy-duty trucks for the European market - both

battery-electric and hydrogen fuel-cell ones.

It also announced a preliminary deal with Ford Trucks for

potential cooperation for the development of heavy-duty truck

cabins.

($1 = 0.9141 euros)

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