Back in 2006, General Motors sold a 7.9 percent stake in Isuzu to raise about $300 million to help the automaker’s finances. However, it kept some kind of partnership where the two would jointly develop and manufacture trucks and diesel engines.
Reports from Japan now suggest that GM is interested in acquiring a 10 percent stake in Isuzu. The Nikkei business daily, said the two automakers would work on commercial vehicle projects in Asia, Central America and South America. An agreement is said to be reached by this summer
“We talk to people all the time about a variety of matters,” GM spokesman Alan Adler said Monday. “We are not confirming or denying anything.”
- By: Omar Rana
Source: Detroit News