Isuzu Motors Ltd. and its former shareholder General Motors Co. say they plan to jointly develop new pickup truck models.
This reviving of cooperation between the companies who first formed an alliance in 1971, is seen as a means to end regarding fast-growing emerging markets.
Isuzu and GM issued statements announcing the co-operation but gave no details.
Personally, I hate that.
"Good news everybody!"
"What is it, Professor?"
"I just have good news.
"But what is the news about?"
"None of your business. Buy our pickup trucks."
Tokyo-based Isuzu, a mid-sized automaker specializing in small trucks, commercial vehicles and diesel engines, produces pickup trucks in Thailand and is relatively strong in Southeast Asia.
GM acquired a 49 per cent share of Isuzu in 1999 but dropped that share to 12 per cent in 2003.
In 2006, GM sold its remaining 7.9 per cent share to two Japanese trading companies for $300-million.
Cheers
Andrew Joseph
This reviving of cooperation between the companies who first formed an alliance in 1971, is seen as a means to end regarding fast-growing emerging markets.
Isuzu and GM issued statements announcing the co-operation but gave no details.
Personally, I hate that.
"Good news everybody!"
"What is it, Professor?"
"I just have good news.
"But what is the news about?"
"None of your business. Buy our pickup trucks."
Tokyo-based Isuzu, a mid-sized automaker specializing in small trucks, commercial vehicles and diesel engines, produces pickup trucks in Thailand and is relatively strong in Southeast Asia.
GM acquired a 49 per cent share of Isuzu in 1999 but dropped that share to 12 per cent in 2003.
In 2006, GM sold its remaining 7.9 per cent share to two Japanese trading companies for $300-million.
Cheers
Andrew Joseph
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