General Motors Corp. says it will cut its stake in Isuzu Motors Ltd. from 49% to 12% and provide funding, along with banks, of at least ¥100 billion ($1.4 billion) to the troubled Japanese truck maker. Under the 3-year restructuring plan, GM’s current 49% stake in Isuzu will be retired, and the U.S. auto maker will pay ¥10 billion ($86 million) for the new 12% share. Isuzu’s major creditor banks, including Mizhou Corporate Bank Ltd., also will provide funding in a debt-to-equity swap of ...
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