TURIN, Italy (Reuters) – Italian bus and truck maker Iveco Group 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 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 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)
(Reporting by Giulio Piovaccari, editing by Gavin Jones)
