- Mar 30, 2006
GM looking to sell off Isuzu truck interest to Mitsubishi
Word 'round the 2006 General Motors Divest-Fest campfire is that the automaker's stake in Isuzu is likely to be the next to go. GM is reportedly plying its stake in Japanese truck manufacturer Isuzu Motors Ltd. to Mitsubishi Corp. and Itochu Corp. A spokesman from Mitsu indicates that the proposal has indeed been tendered, and that the company is apparently regarding it with favor.
GM and Isuzu have had a longstanding relationship dating back to 1971, and the two presently build diesel powerplants both Stateside and in Poland, along with cooperative pickup manufacturing in southern Thailand.
[Source: Bloomberg News]