Isuzu Motors Ltd. is celebrating a turning-point first anniversary this month. A year ago, General Motors Corp. virtually eliminated a 35-year equity relationship with Japan’s biggest truck maker, but all’s well that ended well for the Japanese partner. In the fiscal year 2006 ending March 31, Isuzu enjoyed record truck sales and record net income. “Isuzu is doing extremely well,” says Koji Endo, director-equity research for Credit Suisse Securities (Japan). “We calculate operating ...

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