kscarbel2 Posted August 15, 2016 Share Posted August 15, 2016 Steve Brooks, Trade Trucks AU / August 15, 2016 Final details being negotiated but direction is compelling After almost a year of protracted negotiations and barring any last minute corporate hiccups, it now appears just a matter of weeks before Iveco will be officially announced as the Australian distributor of International trucks. If everything goes ahead as planned, International’s versatile ProStar model could be on sale at Iveco outlets around the country by late this year. More likely, however, is that it will be early 2017 before trucks are widely available here. Right now, everything hinges on the final details being agreed by International parent Navistar in the US and Iveco holding company, Case New Holland Industrial (CNHI). According to CNHI’s head of corporate and external affairs for the Asia-Pacific region, Ron Grasso: "It is not yet a done deal but it is very close and there is every likelihood that Iveco will soon acquire distribution rights for International trucks in Australia. "We are working through the final details with Navistar and it’s entirely possible that we are just weeks away from making a joint announcement. "Like I said, it is very close and we have communicated that to Iveco staff." Speaking at the launch of Iveco’s new Daily 4x4 range, Grasso emphasised the strong relationship that exists between International and Iveco, stretching back to Iveco’s formation in 1992 of International Trucks Australia Ltd until the change to Iveco Trucks Australia Ltd in 2000, which saw the relatively short-lived reintroduction of several International models to the Australian market. "There is an entrenched association between the two brands," Grasso commented, "and there’s a lot of excitement within Iveco about the prospect of having the International brand back in the company." Quote Link to comment https://www.bigmacktrucks.com/topic/46464-international-and-iveco-almost-a-done-deal/ Share on other sites More sharing options...
james j neiweem Posted August 15, 2016 Share Posted August 15, 2016 Phew,That was a close one, I thought it was going to be Iveco taking over Navistar. Quote Link to comment https://www.bigmacktrucks.com/topic/46464-international-and-iveco-almost-a-done-deal/#findComment-342460 Share on other sites More sharing options...
RoadwayR Posted August 15, 2016 Share Posted August 15, 2016 Me too. If Navistar gets taken over, I hope it is GM for no other reason than it stays U.S. based. Given International's and Iveco's history in Australia, these deal makes perfect sense. Quote Link to comment https://www.bigmacktrucks.com/topic/46464-international-and-iveco-almost-a-done-deal/#findComment-342532 Share on other sites More sharing options...
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