by Nate Wooley | January 10, 2013 10:27 am
Two automotive giants, General Motors (NYSE:GM) and Isuzu (PINK:ISUZY) will soon be in discussions to build a truck together.
GM released a statement Wednesday confirming the talks will occur, Reuters reports, though it didn’t offer any details about the project or its timing. A report in the Japanese press says an agreement will be signed later this month in a meeting between the heads of the two companies.
The companies will team up to produce a new, modern pickup truck. The firms have worked together on such products in the past, notably producing Chevy’s Colorado line of pickups, which Isuzu sold as the “i-Series”
Also, they may expand the discussions to include whether GM will purchase a stake in the Japanese carmaker. GM has in the past held as much of 49% of Isuzu but over time divested its stake. A GM spokeman had no comment for Reuters about it.
Source URL: http://investorplace.com/2013/01/a-gm-isuzu-pickup-truck-in-your-driveway/
Short URL: http://invstplc.com/1nvmmoJ
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.