CNH INDUSTRIAL / IVECO IS CLOSING ITS FACTORIES FOR TWO WEEKS
Again a major commercial vehicle manufacturer is announcing that it is closing down its factories because of the impact the corona virus. CNH Industrial has taken the decision that, in light of the supply chain constrains caused by the COVID-19 emergency in Europe, it is suspending the majority of its European assembly operations for a two week period. This suspension applies to the Company’s agricultural, construction, commercial and specialty vehicles production facilities.
CNH Industrial emphasizes that most component facilities will remain operational although at low speed, always in strict compliance with national health directives, in order ensure the continuation of supply to the Company’s manufacturing facilities located outside of Europe. European parts depots and most dealer locations will also remain open to maintain uninterrupted service to its customer base. Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial: “The decision to shut down our European assembly plants for a two week period is driven by disruptions in our European supply chain, that do not allow for an efficient operation. During these temporary shutdowns, we will also undertake further extensive sanitization and deep cleaning procedures.”