Isuzu to raise stake in Quingling Motors to 20 pct


TOKYO, May 20 (Reuters) - Japanese truck maker Isuzu Motors Ltd. said on Friday it planned to raise its stake in Chinese light truck maker Qingling Motors Co. Ltd. to 20 percent from a current 7 percent. Isuzu will offer to buy about 325 million shares in Qingling, which makes commercial trucks under the Isuzu brand, for a total 9.4 billion yen ($87.36 million). Isuzu said it may also establish engine and marketing joint ventures with the Chinese company. Trading in Qingling shares has ...

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