▁I ve co ▁Bus ▁was ▁formed ▁through ▁the ▁mer ger ▁of ▁the ▁bus ▁and ▁coach ▁divisions ▁of ▁F iat ▁Indust rial , ▁I ve co ▁and ▁Ren ault ▁in ▁January ▁ 1 9 9 9 , ▁with ▁I kar us ▁Bus ▁added ▁in ▁late ▁ 1 9 9 9 . ▁The ▁I kar us ▁Bus ▁division ▁was ▁sold ▁off ▁in ▁ 2 0 0 6 ▁to ▁Hung ary ' s ▁M ű s zer techn ika ▁group . ▁ ▁From ▁ 2 0 0 3 ▁to ▁ 2 0 1 0 , ▁I ris bus ▁was ▁ 1 0 0 % - owned ▁by ▁F iat ▁Group ' s ▁I ve co , ▁and ▁the ▁company ▁was ▁named ▁I ris bus ▁I ve co . ▁Now ▁since ▁ 2 0 1 3 , ▁I ris bus ▁has ▁been ▁ 1 0 0 % ▁owned ▁by ▁C N H ▁Indust rial ' s ▁I ve co . ▁ ▁The ▁company ▁is ▁based ▁in ▁Lyon , ▁France ▁with ▁offices ▁in ▁Tur in , ▁Italy , ▁Wat ford ▁and ▁Main z . ▁B uses ▁are ▁developed ▁in ▁one ▁of ▁two ▁R & D ▁cent ers , ▁one ▁in ▁Italy ▁and ▁one ▁in ▁Switzerland . ▁The ▁engine ▁which ▁powers ▁I ris bus ▁B uses ▁was ▁developed ▁in ▁Italy ▁by ▁F iat ▁Pow ert rain ▁Techn ologies , ▁Tur in , ▁Italy . ▁__ NOT OC __ ▁ ▁The ▁I ris bus ▁name ▁was ▁retired ▁and ▁now ▁the ▁division ▁is ▁a ▁branch ▁of ▁I ve co , ▁re