UPDATE 2-Isuzu and Itochu to form joint sales company

Newswire

(Updates with company confirmation) TOKYO, Dec 1 (Reuters) - Japanese truck maker Isuzu Motors Ltd. and trading company Itochu Corp. said on Friday they will invest about $430 million to form a new company for truck sales and services, hoping to shore up sales in a slowing domestic market. The new company will be named Isuzu Network, with the truck maker contributing 75 percent of the 50 billion yen ($430 million) investment and Itochu contributing the remaining 25 percent, the two firms ...

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