Isuzu Motors Ltd. plans to boost its stake in Chinese light-truck maker Qingling Motors Co. Ltd. from its current 7% to 20%. The deal would include an offer from Isuzu to buy about 325 million shares in Qingling, which makes commercial trucks under the Isuzu brand, for approximately ¥9.4 billion ($86.9 million). Isuzu, owned 10% by General Motors Corp., also may establish engine and marketing joint ventures with Qingling, reports say. Qingling shares, which trade on the Hong Kong stock ...
Premium Content (PAID Subscription Required)
"Isuzu to Acquire More of Qingling Motors" 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:
All of WardsAuto's reliable, in-depth industry reporting and analysis
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.