Because the continuing currency crisis has caused difficulties with imports of key components and materials, Iveco has suspended manufacturing in the country.
Iveco, the truck and commercial vehicle business of CNH Industrial, has a long history in Venezuela having opened its La Victoria manufacturing base in 1954. Currently, it has 400 workers and produces a range of trucks and bus chassis. In 2013 some 1,700 trucks and buses were manufactured.
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“The company is committed to the Venezuelan market, its dealers and customers and, through its 32 locations nationwide, will continue to support the parts and service activities for Iveco vehicles in the country,” Iveco said in a statement.
“It is Iveco’s intention to resume manufacturing at La Victoria when market conditions improve and stabilise.”
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