CNHi Iveco sale to FAW China called-off


Official Statement from Iveco parent CNH Industrial on the proposed sale of its Italian Commercial Vehicle manufacturer to Chinese company FAW Jiefang.

CNH Industrial confirms that it is has terminated discussions with FAW Jiefang with regard to the Company’s On-Highway business, and is continuing to pursue its existing plans for a spin-off of these activities in early 2022.

CNH Industrial believes there are significant opportunities to develop its On-Highway business by accelerating the deployment of ever more sustainable transport solutions and infrastructure, in line with the EU’s Green Deal ambitions.