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Stellantis to Provide Two EV Vans to Iveco for European Market Expansion

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Stellantis and Iveco announced a new agreement on Friday in which Stellantis will supply Iveco with two fully-electric (EV) van models, marking a significant step in Iveco’s expansion of its electric vehicle lineup in Europe. The vans, produced by Stellantis, are expected to go on sale by mid-2026, under a ten-year supply agreement. Financial terms of the deal were not disclosed.

The new EV vans will be based on Stellantis’ mid- and large-sized EV van platforms, and will be manufactured at Stellantis’ plants in Atessa (Italy), Gliwice (Poland), and Hordain (France). Once produced, the vans will be distributed across Europe, including the United Kingdom, through Iveco’s established channels.

The two upcoming vans, with gross vehicle weights ranging from 2.8 to 3.1 tons and 3.5 to 4.25 tons, are designed to complement Iveco’s existing battery electric vehicle (BEV) offerings. These vans will help extend the brand’s footprint in the lighter weight segment of the European EV market.

This new partnership follows a similar agreement that Iveco reached last year with Hyundai Motor for the supply of a mid-sized electric van in the 2.5-3.5 ton weight range, further expanding its EV portfolio. Iveco Group, controlled by Exor, the investment arm of Italy’s Agnelli family, is also the largest shareholder in Stellantis.

Meta Elects UFC CEO Dana White, Two Others to Board

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Meta Platforms (META.O) announced on Monday the election of three new directors to its board, including Dana White, CEO of the Ultimate Fighting Championship (UFC), as well as Charlie Songhurst, an investor and former Microsoft executive, and John Elkann, CEO of Exor, a holding company controlled by Italy’s Agnelli family.

Mark Zuckerberg, CEO of Meta, praised the trio for their expertise in fields such as AI, wearables, and human connection, noting their addition would help the company address significant opportunities.

Dana White, who is a close associate of President-elect Donald Trump, has been involved in supporting Trump’s candidacy at the Republican National Conventions in 2016, 2020, and 2024. Zuckerberg and White have also developed a friendship, stemming from Zuckerberg’s interest in mixed martial arts and recreational fighting. In 2022, Zuckerberg publicly thanked White on Instagram for inviting him to attend a UFC event, and the UFC later shared a photo of the two in front of the Octagon.

John Elkann is the executive chairman of Stellantis NV and Ferrari, and chairs the nonprofit Agnelli Foundation. He also has notable leadership roles within Europe’s business community. Charlie Songhurst, who has been advising Meta on strategic AI opportunities since May, brings valuable insight to the company’s future direction.

Meta’s new board members come at a time when the company is positioning itself to adapt to new political and business environments. Zuckerberg has expressed regret over past content decisions that alienated conservatives, and has been openly supportive of Trump, including Meta’s donation of $1 million to Trump’s inaugural fund. Recently, Meta appointed Joel Kaplan, a prominent Republican policy executive, as head of global affairs.