Press Release

EUCAR welcomes Iveco as a member

Press Release

Brussels 7 February 2017 – The European Council for Automotive R&D (EUCAR), representing the major European automobile manufacturers in their common research activities, welcomes Iveco, a brand of CNH Industrial, as a new member to the organisation. Iveco’s membership has taken effect on 1 January 2017.

“EUCAR is honoured to welcome Iveco as a new member. We are looking forward to having Iveco on board and develop our research roadmaps and strategies together. We believe having various perspectives, those which our new member will bring, help to strengthen the quality of our work”, says Urban Wass, EUCAR Chairman.

“Iveco designs, manufactures and sells light, medium and heavy commercial vehicles, and . It is a major investor in R&D with a strong focus on sustainable transport. Joining EUCAR is a natural step for us, and it provides an excellent opportunity to participate in European programs such as Horizon 2020 ”, says Pierre Lahutte, Iveco Brand President.

The research and innovation investment of European automobile manufacturers at over €44bn per year is the key element in ensuring the future competitiveness of the industry and the continued sustainability of road transport. EUCAR’s mission is to strengthen the competitiveness of the European automotive manufacturers through strategic collaborative research and innovation. EUCAR’s members participate in collaborative pre-competitive research and innovation for passenger and commercial vehicles in three “Strategic Pillar” domains: “Sustainable Propulsion”, “Safe & Integrated Mobility” and “Affordability & Competitiveness”. Their activities include the driving of strategy and assessment of the common challenges in research and innovation, the communication of these challenges to EU institutions and other stakeholders, and the creation of collaborative industrial projects. In particular, EUCAR’s members participate in projects funded by the EU’s Research Framework Programmes, including the Horizon 2020 programme starting this year.

Press Release

About EUCAR EUCAR is the European Council for Automotive R&D of the major European passenger and commercial vehicle manufacturers. EUCAR facilitates and coordinates pre-competitive research and innovation projects and its members participate in a wide range of collaborative European R&D programmes. The European automobile manufacturers are the largest private investors in R&D in Europe.

EUCAR members are BMW Group, DAF , Daimler, Chrysler Automobiles, , Hyundai Motor Europe, Iveco, Jaguar Land Rover, Opel Group, PSA Group, Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, Volvo Group.

EUCAR is closely connected to ACEA, the European Automobile Manufacturers’ Association.

Contact EUCAR at: +32 2 738 73 52 or [email protected]

About Iveco Iveco is a brand of CNH Industrial N.V., a world leader in capital goods listed on the New York Stock Exchange (NYSE: CNHI) and on the Mercato Telematico Azionario of the Borsa Italiana (MI: CNHI). Iveco designs, manufactures and markets a wide range of light, medium and heavy commercial vehicles, off- road trucks, and vehicles for applications such as off-road missions.

The brand’s wide range of products include the Daily, a vehicle that covers the 3 – 7.2 ton vehicle weight segment, the Eurocargo from 6 – 19 tons, the Trakker (dedicated to off-road missions) and the Stralis, both over 16 tons. In addition, the Iveco brand builds off-road trucks, rigid and articulated dumpers as well as special vehicles.

Iveco employs close to 21,000 individuals globally. It manages production sites in seven countries throughout Europe, Asia, Africa, Oceania and Latin America where it produces vehicles featuring the latest advanced technologies. 4,200 sales and service outlets in over 160 countries guarantee technical support wherever an Iveco vehicle is at work.

For further information, please contact: Iveco Press Office – EMEA Region Iveco: www.iveco.com [email protected] CNH Industrial: www.cnhindustrial.com www.ivecopress.com Facebook: https://www.facebook.com/iveco/ Tel. +39 011 00 72965 YouTube: https://www.youtube.com/user/ivecoitaly Instagram: https://www.instagram.com/iveco/ Twitter: https://twitter.com/iveco