UPDATE 1-Iveco, Samotlor-NN in JV to build trucks in Russia

Newswire

(Adds more details) MILAN, June 28 (Reuters) - Fiat's Iveco truck-making division said on Thursday it would form a joint venture with Russian industrial group Samotlor-NN to build its Daily model in the country, a fast-growing market. Iveco said in a statement the venture would spend about 50 million euros ($67.17 million) building a plant in Nizhniy Novgorod with a production capacity of 25,000 units a year. Iveco, which will own 51 percent of the venture, said the vehicles produced ...

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