CNH Industrial (Iveco)

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 News
Feb 23, 2019

On February 18, Marco Borba, Iveco's vice president for South America, noted that his company increased its market share in Argentina of heavy trucks, over 16 tons, in 2018, maintaining its leadership for the ninth consecutive year.
Iveco’s Argentinian sales increased 1.2% in 2018 and ended the year with26% of the total market, according to the Association of Automotive Dealers of Argentina (Acara).
Borba noted that CNH Industrial, owner of the Iveco brand, also expanded its production of engines and agricultural machinery in Argentina.
Borba acknowledged that the truck market in Argentina is expected to decrease in 2019 due to a "series of macroeconomic situations", but states that the decrease will be offset by the expansion of the Brazilian market, including new launches in the 9-11 ton segments that will position Iveco in segments where it currently does not operate.
The company will expand its operations in Brazil by 20% in 2019 with the addition of 16 new dealerships.
According to Borba, the line of light trucks in each of the two countries is virtually the same, while the Tector line requires small adjustments to fit both markets.
In the heavy vehicle segment, 6x4 and 6x2 trucks are predominant in Brazil, while in Argentina 4x2 trucks predominate due to that country’s legislation.

(Fenabrave press release on February 19, 2019)

Jan 11, 2019

On January 10, Automark reported that Master Motors’ assembly plant at Port Qasim will start producing Changhan vehicles next month. The Karvaan 6+2 seater minivan and M9 1-ton pickup with 9ft loading deck will be launched in the initial stages which will then be followed by M8 1-ton pickup with an 8ft loading deck.
The JV was set up with the initial investment of USD 100 million. It would provide 10 thousand direct and indirect employment opportunities. Master Motors said that the company also plans to introduce 7-seat Changhan CX70T SUV and 7-seat A800 MPV, both powered by 1.5 litre turbocharged engine, by the end of this year or early next year.
It will also invest USD 15 million in an Italian brand, IVECO trucks, and start assembling these trucks in the next five to six months. The company already sells OGRA compliant IVECO, FUSO and FOTON heavy vehicles in the country.

Based on News from Automark Pakistan

Dec 11, 2018

On December 6, Iveco officially launched the Iveco Hi-Road as a replacement for the Stralis which ended production six months ago at the Sete Lagoas plant in Brazil.
The new model joins the flagship Hi-Way as part of the newly designated Hi-Family line.
The Hi-Road project began almost two years ago with an investment of USD 30 million as part of the company’s USD 120 million investment cycle announced in 2017.
The new Hi-Road begins production at Sete Lagoas in January 2019 in 4x2, 6x2 and 6x4 versions equipped with 360 BHP Cursor 9 and 400 BHP and 440 BHP Cursor 13 engines from FTP.
Its automated transmission has 16 forward speeds and 2 reverse gears.
Sales begin in January 2019 in Iveco dealers across Brazil.

(Iveco press release on December 6, 2018)