Lovol's Italian Tractor Venture Appears to Have Hit Troubled Waters

An ambitious project to create a new European range of tractors built in Italy appears to have hit troubled waters with the news that a bankruptcy accommodation with creditors for the production element of the business has been requested by the Arbos Group’s local commercial court.

China’s Lovol Heavy Industries started the project in 2011 when a group of engineers was brought together in Bologna, Italy, to create the new tractor range. It then took…

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