Italian truckmaker Iveco sues Chinese JV partner

Newswire

MILAN, Aug 26 (Reuters) - Iveco, an Italian truckmaker owned by Fiat , is suing one of its Chinese partners, alleging that it funnelled funds from their joint venture which has had to halt production, the company said in a statement. Iveco has accused Changzhou Changjiang Bus Group Co Ltd (CBC) of taking more than 122.58 million yuan ($15.13 million) from the joint venture, said the statement, which was issued in China. "The loss of funds has left the company in financial difficulties ...

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