China's Geely not interested in CNH Industrial's Iveco - spokesman

FILE PHOTO: A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song - Copyright ALY SONG(Reuters)

By Reuters

Published on 04/03/2019 - 12:34•Updated 25/04/2024 - 15:24

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MILAN/BEIJNG (Reuters) - China's Geely Automobile Holdings has no plans to invest in Italian truck maker Iveco, a company's spokesman told Reuters on Monday.

Shares in Iveco's parent company CNH Industrial rose as much as 5 percent on Monday lifted by progress on a U.S.-China tariff deal but also, according to some reports, by speculation of renewed interest from Geely for the truck unit.