March 4, 2019 / 11:10 AM / 20 days ago

China's Geely not interested in CNH Industrial's Iveco - spokesman

FILE PHOTO: A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song

MILAN/BEIJNG (Reuters) - China’s Geely Automobile Holdings has no plans to invest in Italian truck maker Iveco, a company’s spokesman told Reuters on Monday.

Shares in Iveco’s parent company CNH Industrial rose as much as 5 percent on Monday lifted by progress on a U.S.-China tariff deal but also, according to some reports, by speculation of renewed interest from Geely for the truck unit.

Reporting by Yilei Sun in Beijing and Giulio Piovaccari in Milan, editing by Valentina Za

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