Ford Trucks and IVECO sign Joint Development Agreement for new heavy-duty truck cabin

Core Points - Ford Trucks and IVECO have signed a binding Joint Development Agreement (JDA) for the design and engineering of a new cabin for heavy-duty trucks, transitioning from a previously announced non-binding Memorandum of Understanding (MoU) [1][2] - The JDA aims to enhance competitiveness by developing a cabin that complies with the upcoming EU Direct Vision Standard, focusing on aerodynamics, comfort, safety, and cost-efficiency, with production expected to start by 2028 [3] - The total estimated expenditure for the JDA is €343 million, which will be shared by both companies [3] Company Overview - Ford Otosan, founded in 1959, is a publicly traded company and the second-largest industrial organization in Türkiye, with over 25,000 employees and significant operations in Europe [6] - Ford Trucks, as Ford's only heavy commercial brand, has over 60 years of experience and produces a range of vehicles, including tractors and construction trucks, emphasizing quality and efficiency [5][6] - IVECO, part of the Iveco Group N.V., designs and manufactures a wide range of commercial vehicles and is committed to innovation and sustainability through a multi-energy approach [8]