• DES166653 04-CB-11
  • DES159400 03-CB-56
General Motors initially wanted to buy one-third of Isuzu Motors Ltd, which would give it the right to veto board decisions, but has scaled back how much of the Japanese company it might try to buy, according to a new Reuters report.

At current stock prices, GM would have paid more than $3 billion for a controlling share of the truckmaker, which specializes in small trucks and diesel powertrains. GM is now considering buying a 10 percent share, anonymous sources tell Reuters, which would make it the largest single owner of stock in the company. Toyota and Volkswagen both have smaller shares of Isuzu.

GM once owned nearly half of Isuzu but sold off its last 7.9 percent of the company in 2006.

The GM/Isuzu partnership helped bring vehicles to the U.S. like the Geo Storm, Chevrolet LUV, GMC Canyon and Chevrolet Colorado. But there's no reason to expect a new small pickup for America this time around.

The potential deal, which sources tell Reuters is "very much preliminary", could open up the Southeast Asia market, where GM is currently a bit player. Additionally, GM could help Isuzu develop a hybrid or other environmentally friendly vehicles. It's almost enough to make us wonder why they ever sold it in the first place.

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    • 1 Second Ago
      • 3 Years Ago
      hey you idiots at gm...pay us,the taxpayer,what you owe before even thinking about buying something else....either 24 or 49 million to be exact...oh my ...i forgot...your ceo,obama, doesn't pay back debts,lies about it,then expects us to bail these morons out again....NEVER !!!!!
      • 3 Years Ago
      Why can't GM work on getting its own divisions going strong? Why is it out looking to buy more trouble? Didn't it just get through with a bankruptcy that involved selling or closing stupid crap that it had bought before?
      • 3 Years Ago
      Pay back what you owe the tax payers first when you received a bailout !!!!!!!
      • 3 Years Ago
      Who is the number one shareholder of GM, the UAW! Imagine that, the union pushing to buy a foreign company to bring foreign cars built by foreign workers to the U.S.. Wow, aren';t unions just great!!!
      • 3 Years Ago
      When you got all that money from the government you should buy something for yourself. GM is buying Isuzu. There goes Japanese quality to the Detroit union mob.
      • 3 Years Ago
      GM: Buy it, Ruin it, Shut it down!
      • 3 Years Ago
      This is a sign that GM failed in developing the small diesel engine in house. It is not strange to connect this with yesterday's new of axing 100 R&D jobs.
        • 3 Years Ago
        They already have the Opel FamB diesels, the old Cirlce L diesels, and Duramax. Its more likely that GM Brazil boned the GMI700 and that they want someone who actually knows how to make smaller trucks for the rest the world to give it a better shake next time. Just speculating.
      • 3 Years Ago
      Let's see now... Government Motors got $45 BILLION from the FED in your tax dollars, the kangaroo-bankruptcy Court erased $45 BILLION in debt and liabilities they owed to suppliers, stockholders, retirees, dealerships, bondholders, warranties, and on and on. Then Uncle Sap agreed that they wouldn't have to pay any Federal Income Taxes for the next ten years, and Uncle Sap is allowing them NOT to fund their new Retirement Plan indefinitely, which they are already $20 BILLION behind in funding. Then they printed up lots of crispy Stock Certificates in the basement of GM and handed them to the FED and said "here, we paid you back.. but don't sell these, they're worthless". At that time, it was worth $36 a share to cover the $45 BILLION. Today GM stock is selling for $21 a share, so us taxpayers have lost $20 BILLION of the original phoney "pay-back". What a deal.
      • 3 Years Ago
      They shut down Saturn and Pontiac to do what? Buy Isuzu? Is this some sort of joke? April 1 was a couple of months ago.
      • 3 Years Ago
      GM guy
      • 3 Years Ago
      As someone who worked in an Isuzu dealer........GM are you freakin' nuts? What a pile of crap. Those Geo Storm and Chevrolet LUV should have told you RUN AWAY>>>>
      • 3 Years Ago
      GM never learns from its prior mistakes.
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