Isuzu may buy part of GM's mid-size truck
Isuzu Motors may buy part of General Motors Corp's midsize truck business but has no intention of taking over the entire unit, the Nikkei newspaper quoted Isuzu President Susumu Hosoi as saying.
GM has decided to divest its money-losing midsize-truck business and has approached Isuzu, the financial daily said.
"There won't be a full acquisition," Hosoi was quoted as telling reporters, adding that Isuzu was willing to cooperate if GM maintained its involvement to a certain degree.
Isuzu may produce trucks and engines that GM would discontinue, and the two companies may cooperate in North American sales, using GM's dealership network, the Nikkei said. GM and Isuzu were not immediately
available for comment.
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