Isuzu and Itochu to form joint sales company-paper

Newswire

TOKYO, Dec 1 (Reuters) - Japanese truck maker Isuzu Motors Ltd. and trading company Itochu Corp. will invest 50 billion yen ($431.8 million) to establish a company offering new truck sales and trade-ins, business daily Nihon Keizai reported on Friday. The joint company, which will be set up in February with Isuzu contributing 75 percent of the capital and Itochu the remainder, will be an attempt to shore up sales in the shrinking domestic market for trucks, the paper said. The company ...

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