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Article: ISUZU MOTORS MAY TAKE OVER GM UNIT \ TALKS CENTER ON AUSSIE BUSINESS.(Business)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- October 24, 2005
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Byline: Associated Press
TOKYO -- Japanese truck maker Isuzu Motors is wrapping up talks with General Motors Corp. to take over the struggling U.S. automaker's commercial truck business in Australia, an Isuzu spokesman said today.
But GM spokeswoman Masako Hamada said nothing had been decided, although GM remains interested in strengthening its relations with Isuzu.
Tokyo-based Isuzu Motors Ltd., which owns 60 percent of Isuzu-General Motors Australia Ltd., will make the company a wholly owned subsidiary by acquiring GM's 40 percent stake, Isuzu spokesman Tadashi Ioka said. Isuzu has not decided on the timing of the move but is in the final ...