Ford Trucks Signs Joint Development Agreement With Iveco

Ford Trucks – a global brand under the umbrella of the joint venture Ford Otosan – produces a range of vehicles such as tractors, construction trucks, and distribution trucks weighing over 16 tons, including the ever-popular F-MAX. That entity currently operates across a variety of regions including Europe, the Middle East, Africa, and the Commonwealth of Independent States (CIS), spanning three continents. Ford Trucks has expanded in a big way over the past few years, and now, it’s aiming to continue that quest via a new joint-venture agreement.

Ford has signed this joint-venture agreement with IVECO – a company that designs, manufactures and markets light, medium, and heavy commercial vehicles – for the design and engineering of a new cabin for heavy-duty trucks. The two companies previously signed a non-binding Memorandum of Understanding (MoU) roughly one year ago, but now, they’re taking the proverbial next step in that process.

Ford Trucks and IVECO will work together to develop this new heavy-duty truck cabin, after which each will manufacture and assemble it in their own facilities and utilize it on separate models under both brands. The idea is to create a cabin that’s more aerodynamic and will result in reduced carbon emissions to meet European Union standards, as well as improve comfort, safety, modularity, and cost efficiency. The very first units are slated to be ready for production by 2028, following an estimated investment of 343 million euros ($375 million USD).

“At Ford Trucks, we are committed to pushing the boundaries of engineering excellence,” said Emrah Duman, Vice President of Ford Trucks. “This Joint Development Agreement is a testament to our capability to design and develop cutting-edge solutions that not only meet but exceed the industry’s evolving standards. By joining forces with IVECO, we are enhancing our ability to deliver innovative, high-performance cabins that will set new benchmarks in safety, aerodynamics, and driver comfort, all while ensuring cost efficiency and regulatory compliance.”