CNH Industrial NV says Iveco suspends manufacturing operations in Venezuela

Wednesday, 2 Apr 2014 08:20am EDT 

CNH Industrial NV:Says, with the continuing currency crisis which has caused difficulties for Venezuelan industry in the importation of key components and materials, Iveco is reluctantly suspending, with immediate effect, its manufacturing operations in Venezuela.Iveco is the truck and commercial vehicle business of CNH Industrial.To date, Iveco Venezuela has a total labor force of 400 workers and produces a range of trucks and bus chassis.Says, in 2013 about 1,700 trucks and buses were manufactured.Says it will resume manufacturing at La Victoria when market conditions improve and stabilize.Says, through its 32 locations nationwide, it will continue to support the parts and service activities for Iveco vehicles in Venezuela.