Iveco to Increase Exports from China

Shanghai. November 7 (Gasgoo.com) -Fiat's truck division, Iveco, is expecting to increase the number of vehicles it exports from China by up to 15% over the next few years, reports Reuters.

Along with its joint-venture partner, Nanjing Automobile, Iveco is planning to export between 7,000 and 8,000 light trucks overseas this year, Iveco China general manager Rudi von Meister told reporters on the sidelines of an industry forum.

One of the potential markets for the trucks may be Australia where a European designed truck made in China may be able to compete against the dominance of the Japanese manufacturers in the medium duty market.

He added that he projected between 10 to 15 percent growth in annual vehicle exports from China over the next few years.

Iveco has two JV projects in China: one is the Chongqing-based SAIC-Iveco-Hongyan, where heavy commercial vehicles (HCVs) are produced; the other is a joint venture with the Yuejin division of Nanjing Auto Group, where light trucks and other commercial vehicles are produced.