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Daily production to gain in Spain

16th April 1992, Page 10
16th April 1992
Page 10
Page 10, 16th April 1992 — Daily production to gain in Spain
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Which of the following most accurately describes the problem?

• Iveco's Pegaso factory in Valladolid, Spain has started to produce Daily 3.6-tonne models, six months later than estimated after a £51.5m refurbishment (CM 28 March 1991).

Initial production of up to 30 vehicles a day is intended for domestic, EC and South American markets in addition to existing production from the Italian Brescia and Suzzara plants.

By mid-1993 Iveco plans to increase production of Daily variants at its Spanish factory to 60 vehicles a day. Iveco claims a 23.9% market share for light commercial vehicles above 3.5 tonnes in Europe.