Italian truck manufacturer Iveco plans to withdraw from a joint venture with Russian car factory Ural. The Italians had a 33% stake in the joint venture, and now, according to Reuters, citing Iveco CEO Gerrit Marks, this stake will go to a local partner, namely Ural.
It is worth noting that Iveco stopped deliveries of trucks from Europe during the “first wave” – in March 2022.
Chassis Iveco-AMT Trakker 8×8
Chassis Iveco-AMT Trakker 8×8
It took the Italian company, like many other brands, more time to make such a serious decision as leaving a long and successful joint venture – about three months. The Iveco-AMT plant, which was launched in 1994 in Miass, was mainly engaged in the assembly of Iveco-AMT Trakker trucks.
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