In 1999, General Motors owned 49 percent of Isuzu. But in 2006, The General and Isuzu called it quits after 35 years. The continued breakup doesn’t seem to be in the cards for much longer, as the two companies are reportedly talking again.
What gives? Doesn’t GM have enough deals in the works? The most significant of which being with Peugeot-Citroen? Obviously not, especially in the commercial segment. The story goes that GM and Isuzu are looking to jointly move into a plant together, where they can birth, distribute and ultimately sell light-duty pickup trucks in the South Asian, Central American and South American markets. In order for this to happen, the reported terms involve GM buying a full 10 percent stake in Isuzu, overstepping Mitsubishi, which owns 9.2 percent in the company, and making GM the largest percentage outside shareholder. But if that’s the case, Toyota and Volkswagen — who both have stakes in Isuzu — would sell their shares and break up with the Japanese company.
For their part, GM and Isuzu will reportedly start negotiations in early May, and are currently making arrangements to schedule a meeting between Isuzu CEO Susumu Hosoi and GM CEO Dan Akerson.