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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).
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