General Motors Corp. is raising its stake in Japanese truckmaker Isuzu Motors Ltd. to 49% from 37.5%. The move is slated for March 2, when Isuzu will issue 232.5 million new company shares to GM for US$450 million. Isuzu says it will use the proceeds for investment and to pay off debts. The announcement comes less than a week after the two said they would jointly build a US$320 million plant in Ohio to make diesel engines for GM pickup trucks. Isuzu is the second Japanese automaker in ...
Premium Content (PAID Subscription Required)
"GM raises stake in Isuzu to 49%" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.