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)

"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
LisaWilliamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.