• Iveco Ford Truck lost 29.4 million in 1987 —
21st April 1988, Page 14
21st April 1988
Page 14
Page 14, 21st April 1988
— • Iveco Ford Truck lost 29.4 million in 1987 —
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its first year of trading since it was formed in June 1986 — but its performance was much better than predicted in joint venture plans, say directors.
Turnover was £196 million, and progress in the second half of 1987 continued into 1988, says the board. Registrations of Cargo models totalled 10,575, an increase of 23.3% on 1986, and 2,700 New units were sold through dealers, giving the company market leadership a 22.9% share of vehicles over 3.5 tonnes GVW.