FILE PHOTO: An Iveco truck is seen at the IAA Commercial Vehicles trade show in Hanover, Germany September 22, 2016. REUTERS/Fabian Bimmer
October 11, 2019
MILAN (Reuters) – Iveco, the truck unit of industrial vehicle group CNH Industrial <CNHI.MI>, will invest $4.2 billion worldwide under its plan to 2024, trade unions said in a statement.
Specific figures about investments in Europe are not yet available, unions FIM, UILM, FISMIC, UGLM and AQCFR said in a joint statement after meeting with Iveco Chief Executive Gerrit Marx in Turin.
Last month the Italian-U.S. group said it would split in two and list its truck, bus and engine divisions in an effort to boost asset values and streamline its businesses.
A spokesman for CNH Industrial confirmed the figure provided by the unions for Iveco’s investments.
(Reporting by Giulio Piovaccari, editing by Valentina Za)
