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 ...
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