CAROL STREAM, IL (April, 2004)—Iveco Motors of North America, a subsidiary of Iveco Motors, a leading world-class diesel engine manufacturer, proudly announced the signing of an exclusive agreement with Kraft Power Corporation for the distribution and service of Iveco diesel engines and parts for several states, including Georgia, North and South Carolina, Pennsylvania, New York, New Jersey and eastern Ohio.

Kraft Power, formerly known as Kraft Power Corp, specializes in diesel and gas engine sales and services, as well as power generation systems and power transmission equipment. They focus on industrial machinery, power generation systems and marine applications. As a direct distributor of Iveco Motors, Kraft Power will be offering the different engines to the aforementioned industries as they become available in North America. Iveco Motors’ complete line of diesel engines covers outputs from 40 to 2150hp and are designed for industrial, agricultural, marine and power generation applications

“Kraft has been distributing our engines for the past ten years and really understands our capabilities,” said Vincenzo Perrone, General Manager of Iveco Motors North America. “Their strong commitment to their clients parallels our commitment to maintaining a strong relationship with our distributors.”

“Iveco Motors offers a very complete range of engines, both in power output and options,” said Owen Duffy, President, Kraft Power Corporation. “With the NEF, CURSOR and VECTOR engine families, Iveco Motors produces the most technologically advanced range of engine choices.”

For nearly forty years, Kraft Power Corp has been serving the East Coast and focusing on the development of OEM’s in the industrial, power generation and marine industries. Kraft Power operates six full service facilities with field service capability and spare parts inventories throughout the Eastern US.

Iveco engines are the result of over 100 years of engine-making experience and offers the widest availability of customized engine build options. Headquarted in Torino, Italy, Iveco is recognized as a worldwide leader in power train systems. With production of almost 400,000 engines in 2003, the company has nine plants and three research facilities dedicated to engines, located throughout Italy, France, South America and Asia.

In order to respond to the demands of the North American marketplace, Iveco recently began operations in Carol Stream, Illinois, to deliver first class service throughout Canada and the United States. Iveco Motors of North America, Inc. is a U.S. corporation fully owned by Iveco S.p.A, which is part of the Fiat group. Fiat S.p.A. shares trade on the New York Stock Exchange under the symbol FIA.

The newly opened Iveco Motors of North America offers complete product support and customer service. For more information please call (630) 260-4226 or visit www.ivecomotors.com.