Italian truck maker Iveco is moving to exit its joint venture with the Russian car factory Ural. The Italian company held a 33 percent stake in the partnership, and Reuters reports, citing Iveco chief executive Gerrit Marks, that this stake will be transferred to a local partner, specifically Ural. The move marks a significant realignment of ownership in a long-running collaboration that has spanned decades and helped define light, medium, and heavy trucks in the region.
It is notable that Iveco halted deliveries of European-built trucks to Russia during the first wave of sanctions and disruptions in March 2022, a decision that reverberated through the supply chain and affected customers, fleets, and service networks on multiple continents. The impact was felt beyond the borders of Russia, influencing broader market expectations and prompting buyers to reassess their long-term sourcing in the region.
Chassis Iveco-AMT Trakker 8×8
The question of exiting the venture came after a period of careful consideration. Iveco, like several other international brands operating in Russia, took time to evaluate strategic options, culminating in a decision that extended over roughly three months. The Iveco-AMT plant, established in 1994 in Miass, was principally engaged in assembling Iveco-AMT Trakker trucks, a model line known for its robust off-road and on-road performance. The plant’s history reflects post-Soviet industrial realignment and the broader evolution of heavy-vehicle manufacturing in the region.
- Mercedes-Benz has also redirected ownership considerations toward the Russian market, with potential involvement from major regional dealers who could become buyers under evolving ownership structures.
- Documentation and public viewing of related developments have increasingly appeared on regional platforms such as RuTube, signaling a shift toward domestic media channels for disseminating industry news.