Hyundai Motor and Iveco Group expand their partnership to explore synergies for electric heavy-duty trucks…

Turin, Italy and Seoul, South Korea — Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector. Today the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a forward view towards electric heavy-duty truck solutions, including both … [continued]

Maserati Gran Turismo Folgore at a a test track in Italy. (Photo from Maserati)

Maserati Full-Electric Gran Turismo Folgore Runs On An FPT Industrial Powertrain

IVECO’s FPT Industrial created the running gear for the Maserati Gran Turismo Folgore, the first car in the brand’s history to adopt a 100% electric powertrain. IVECO is known more for its large commercial vehicle applications. The new car from Maserati runs on FPT Industrial’s ePropulsion system, which is based … [continued]

Nikola & Iveco Partner To Bring The Battery Electric Nikola TRE To The EU

The Nikola Corporation is making a push into the EU with partner trucking company IVECO after the pair showed off the design model of the battery electric version of the Nikola TRE for European customers. Launching the battery electric Nikola TRE gives Nikola a bridge to the hydrogen-powered future the team envisions as the reality of the investment and lead time required for hydrogen to manifest in the global transportation marketplace are realized.

Nikola Adds European Manufacturing Partner In New $1 Billion Series D Funding

CNH Industrial N.V. announced a new $250 million investment into the Nikola Motor Company as the lead investor in a new Series D funding round. The investment round comes as Nikola works to integrate a single lease plan for its vehicles that roll all vehicle, service, maintenance, and fuel costs into a single lease price in a bid to offer early adopters assurance of predictable prices and payouts for their fleets.