Fiat eyes top spot in Angolan truck market
Italy's Fiat Group (FIA.MI) plans to be the top importer of trucks to Angola in coming years as the nation continues to rebuild infrastructure after almost three decades of civil war ended in 2002.
Filipe Mendes de Almeida, who represents the group's Iveco truck business in the southwestern African nation, said on Thursday he would import 2,000 trucks to Angola in the next five years.
"In the first year alone we will import 250 trucks," said de Almeida, who started selling Iveco trucks to Angola through his company Vecauto in May. "I am confident we can become market leaders in the next five years."
Volvo, the world's number two truckmaker, is currently the leader in the market.
Angola, one of the world's fastest growing economies, has been rebuilding roads, bridges and ailing communications destroyed by the war. It is also investing billions of dollars to restore its once-prosperous agricultural sector.
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