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General Motors Contemplates to Buy 10% Stake in Isuzu
General Motors is interested to buy around 10% of Isuzua’s outlay; this is going to make the General Motors the biggest stakeholder in the company, surpassing Mitsubishi stake of 9.2% in Isuzua. The key target of this joint venture is Asian and Latin American countries where General Motors and Isuaza will mutually design, manufacture and sell commercial vehicles. If the agreement is legalized, it will result in to an upheaval into the operations of isuzu.The foremost changes include the end of alliance talks between the Japaenese manufacturer Isuzu and Volkswagen.
Published On May 01, 2012 10:26 AM By CarDekho
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However, the company is going to continue the supply of pick-up trucks to Volkswagen in Thailand.Moreover the alliance between General Motors and Isuzu will also push Toyota to sell out its 5.9% stake in Isuzu. None of the companies has commented on the explicit outlines of the venture; the exchange of words will take place in the month of May and if the things are finalized, the final documents will be sealed in summer itself
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