General Motors and Isuzu had a long and drawn-out break up that resulted in the loss of Isuzu passenger cars in the US, as well as heavy-duty truck operations for GM. Now it appears that both automakers are in talks to produce pickup trucks once again, after signing a memorandum of understanding for a new joint venture. There are really no details to go with this announcement, although The Miami Herald indicates that this could be a move to expand in emerging markets.

It is unclear if this move will have any effect on the next-generation Chevrolet Colorado and GMC Canyon, which will be built in Wentzville, MO. Production for the Colorado was confirmed in 2011, and the closely related GMC version was confirmed back in September. At one point, GM owned as much as 49 percent of the Japanese automaker but sold off the remaining 7.9 percent of its ownership by 2006.

Scroll down to read the brief statement released by Isuzu today.
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Isuzu-GM Joint Development of Next-generation Pickup Truck

Tokyo, Jan. 10, 2013 - Isuzu Motors Limited (TSE 7202) and General Motors Company (NYSE:GM, TSX: GMM) signed a memorandum of understanding to begin talks on the potential joint development of next-generation pickup trucks.