Iveco, now the commercial vehicle (CV) division of CNH Industry, saw its production output fall in 2014 by 5.1% on the previous year to 126,000 units. Along with a decline in demand from Southern European markets, the company has been impacted by the South American downturn. Iveco builds vehicles in the region’s two biggest markets, with 2014 output reaching 12,000 units in Brazil and 2,980 units in Argentina.
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