Chrysler 2000 Annual Report Download - page 61

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and 3,450 used vehicles. It provided financing for an
increasing portion (24.6%) of the vehicles sold by Iveco
in Western Europe.
In the leasing business, the pool of leased vehicles increased
to 33,700 units at December 31, 2000 (+14.4% over the
figure at the end of 1999). The largest increases occurred
in Italy, Spain and Great Britain.
The integration of the Fraikin Group, which was acquired late
in 1999, is proceeding smoothly. This company, which is the
unchallenged leader of the French leasing market, brings to the
Sector an invaluable knowhow in the areas of long-term leases
for commercial vehicles and leasing and management of large
fleets. During the last quarter of the year, Fraikin signed two
major leasing contracts with Unilever and the French Postal
Administration involving 1,500 and 800 vehicles, respectively.
In addition, Iveco continued to expand its range of
maintenance and repair services. During the year it signed
up 9,500 new contracts, bringing to 25,500 the total number
of contracts in force at December 31, 2000.
PRODUCT INNOVATION
The Sector’s research and development activities focused
primarily on the new F1 family of diesel engines for light
commercial vehicles, on the development of new applications
for the intermediate range and on a new line of V-shaped
engines.
In addition, Iveco proceeded with the planned implementation
of a capital spending program for the renewal of its engine
line. At the end of 2000, EEA, a joint venture equally owned
by Iveco, CNH Global and Cummins, began production of
a new engine for intermediate vehicles with displacement
of one liter per cylinder.
Commercial Vehicles Market (curb weight 3.5 tons)
(in thousands of units) 2000 1999 Var. %
Light commercial 345.9 304.9 13.4
Intermediate 94.1 91.1 3.3
Heavy-load 243.8 233.4 4.5
Western Europe 683.8 629.4 8.6
Sales Performance – Commercial Vehicles sold by Product
(curb weight 3.5 tons)
(in thousands of units) 2000 1999 Var. %
Heavy-load 33.0 33.5 (1.5)
Intermediate 24.9 26.2 (4.9)
Light commercial 97.5 81.9 19
Buses (*) 5.6 5.5 1.5
Divisions (**) 3.8 2.8 37
Total 164.8 149.9 9.9
(*) Iribus + Bus division quota.
(**) Astra, Defence, Fire Fighting.
Domino 2001 HDH. EuroTrakker Cursor.