/ General Motors, Industry, News / GM may take one-third of Isuzu

GM may take one-third of Isuzu

Linked In Share
GM may take one-third of Isuzu

General Motors Co (GM.N) may buy more than one-third in Isuzu Motors Ltd – an investment worth some $3 billion, Reuters reports citing a person with direct knowledge of the talks.

If realized, the deal would revive a 35-year capital alliance that was scrapped during GM’s 2006 restructuring. It is unclear how the deal would affect Toyota’s 5.9 percent holding – purchased just months after GM divested its shares in 2006.

The report added that Isuzu will end capital tie-up talks with Volkswagen if a deal with GM is confirmed, although negotiations for supplying pickups to VW in the Thai market could continue.

The two companies are expected to start negotiations in early May and are working on arranging a meeting between GM Chief Executive Dan Akerson and Isuzu President Susumu Hosoi with the goal of reaching an agreement by the summer, the Nikkei reported Sunday.

GM declined to comment. “While we do not comment on rumor and speculation, we routinely speak with other (automakers) on a range of issues,” spokesman Klaus-Peter Martin said.

Mitsubishi Corp. currently owns 9.2% of Isuzu, while Toyota Motor Corp. holds a 5.9% stake, Bloomberg said.

Isuzu rose 1.5 percent to ¥466 at 10:55 a.m. in Tokyo trading. The benchmark Nikkei 225 stock average declined 1 percent.

by Mircea Serafim (my Google+) - Wednesday, May 2nd, 2012 - filed under General Motors, Industry, News. Image credit: Isuzu.
Linked In Share
Related Articles
aliance gm isuzu isuzu isuzu motors isuzu motors ltd


Discuss: GM may take one-third of Isuzu

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Racing tracks – sleeping pill or energy drink?
Racing tracks – sleeping pill or energy drink?The racing weekend took us across the whole world last weekend, with dull or spectacular racing being influenced not only by the ...
Pink Lamborghini Gallardo Spyder spotted in Canada
Pink Lamborghini Gallardo Spyder spotted in CanadaA Lamborghini Gallardo Spyder finished in a hideous pink shade has been recently spotted out in Canada and it makes supercar ...
[VIDEO] New Nissan X-Trail promo released
[VIDEO] New Nissan X-Trail promo releasedNissan has released a new promotional video with the new generation of the X-Trail in which the midsized SUV is being shown in a ...
2015 Smart ForTwo Roadster gets rendered, will never happen
2015 Smart ForTwo Roadster gets rendered, will never happenThe first rendering of the new-gen Smart ForTwo is ending up on the web, a couple of days after the city car was officially ...
Driver crashes his Ferrari F430 during police chase
Driver crashes his Ferrari F430 during police chaseA police chase has gone wrong for both the driver of this Ferrari F430 and also for the law because the supercar was crashed and ...
Chevrolet’s Man United sponsorship rivaled by Nissan’s Manchester City deal
Chevrolet’s Man United sponsorship rivaled by Nissan’s Manchester City dealHot on the heels of a $559 million Manchester United shirt sponsorship deal by GM’s Chevrolet brand comes Nissan. The Japanese ...
U.S. – BMW i8 gets priced
U.S. – BMW i8 gets pricedBMW USA has announced the official price list for the i8 locally, where the hybrid sports car can be yours from 135,700 ...
[VIDEO] 2015 Toyota Sienna makes video debut
[VIDEO] 2015 Toyota Sienna makes video debutThe Japanese based automaker Toyota has released the first promotional video with the updated version of the Sienna. After being ...
After Ferrari, Maserati to also cap sales
After Ferrari, Maserati to also cap salesAlthough the subsidiary of Italy’s Fiat SpA will not have the same smallish limit as the super car producer, the automaker ...
[VIDEO] Daimler crashes the new Smart ForTwo into the S-Class
[VIDEO] Daimler crashes the new Smart ForTwo into the S-ClassThe new generation of the Smart ForTwo has recently had its first ever crash test, just a couple of days after it has been ...
2015 might bring a LaFerrari Spider and LaFerrari FXX
2015 might bring a LaFerrari Spider and LaFerrari FXXFerrari is planning to introduce two new versions of the impressive hybrid supercar, the LaFerrari Spider and the LaFerrari ...
Report – ZF could bid higher for TRW
Report – ZF could bid higher for TRWAccording to sources that have knowledge of the proceedings, lenders of German auto supplier ZF Friedrichshafen AG told the ...
[VIDEO] Autocar drives the BMW i8
[VIDEO] Autocar drives the BMW i8One of the most impressive vehicles to come out from the BMW factory, the i8, has been recently driven by Autocar. BMW’s first ...
Recall roundup: Mitsubishi ASX and Outlander in Australia
Recall roundup: Mitsubishi ASX and Outlander in AustraliaMitsubishi Australia has issued a recall for several ASX and Outlander vehicles because of a problem with the transfer cases ...
Lamborghini Veneno Roadster spotted near the company’s headquarters
Lamborghini Veneno Roadster spotted near the company’s headquartersA black finished Lamborghini Veneno Roadster has been recently spotted out near the company’s headquarters, in Sant’Agata ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

lamborghini gallardo spyder pink 1
ferrari f430 crash police chase czech republic 2014 1
2015 smart fortwo crash test 1
lamborghini veneno roadster black 1
lamborghini-veneno-beijing 1
2015 Toyota Sienna 1
Spied Hyundai ix35 05
Aston Martin V12 Vantage S Roadster 21
2015 ford expedition 36
scenic-byway-163
lamborghini gallardo lp570-4 spyder performante crashed for sale 1
2015 volkswagen passat cc render 1

More automotive from inautonews
The racing weekend took us across the whole world last weekend, with dull or spectacular racing being influenced not only by the quality of the drivers' field and weather conditions, but also by the eternal topic of the rolling surface, the asphalt strips laid out with inspiration or clumsiness on ...
read more
Inautonews Editors Section
Racing tracks – sleeping pill or energy drink?
Racing tracks – sleeping pill or energy drink?The racing weekend took us across the whole world last weekend, with dull or spectacular racing being influenced not only by the quality of the ...
Preview – 2014 German Grand Prix
Preview – 2014 German Grand PrixThe old mighty 7km-long Hockenheimring was built in 1932, and it was true madness, as close as you can get to AVUS. When Jim Clark died here, on the ...
F1: Silverstone 2014, British Grand Prix preview
F1: Silverstone 2014, British Grand Prix preview"The key to a quick lap around Silverstone is a car that remains stable during direction changes, and one that is aerodynamically stable, because ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety [VIDEO] Daimler crashes the new Smart ForTwo into the S-ClassThe new generation of the Smart ForTwo has recently had its first ever crash test, just a couple of ... Recall roundup: Mitsubishi ASX and Outlander in AustraliaMitsubishi Australia has issued a recall for several ASX and Outlander vehicles because of a ...
Safety Section