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CNH does not plan to reduce operations in Italy - paper

Published 02/24/2022, 01:57 AM
Updated 02/24/2022, 02:00 AM
© Reuters. FILE PHOTO: Italian-American Industrial vehicle maker CNH's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo

MILAN (Reuters) - CNH Industrial (NYSE:CNHI) does not plan to downsize operations in Italy, the head of the Italian-American vehicle maker was quoted as saying on Thursday.

Chief Executive Scott Wine also told daily La Repubblica Italy was a reliable country to invest in.

© Reuters. FILE PHOTO: Italian-American Industrial vehicle maker CNH's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca

"When there will be plant upgrades or (a new) technology, Italy will be one of the first markets to have them," Wine said.

CNH, which houses brands such as Case and New Holland, is controlled by Exor (OTC:EXXRF) NV, the holding company of Italy's Agnelli family.

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