Isuzu may buy GM truck business

Started by FoMoJo, February 03, 2009, 08:29:31 AM

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FoMoJo

February 03, 2009, 08:29:31 AM
I guess things are getting pretty serious.

article

excerpt...

General Motors Corp. is negotiating with Isuzu Motors Ltd. to sell its medium-duty truck business, a move that would help the cash-strapped automaker raise money, cut costs and help ensure it complies with a $13.4 billion federal loan package.

The negotiations involve keeping the truck division in Flint through 2014, a local union official said Monday. That contrasts with an earlier failed agreement with Navistar International Corp., which would have relocated jobs to another factory.

Hawkins said he believes a deal with Isuzu could be announced close to the Feb. 17 date to illustrate the automaker's attempts to streamline the company.

"The only reason for time is so that everything doesn't happen at once." ~ Albert Einstein
"As the saying goes, when you mix science and politics, you get politics."

93JC

#1
February 03, 2009, 02:28:12 PM
GM's cab-over-engine medium-duty trucks were designed by Isuzu anyway.

3.0L V6

#2
February 03, 2009, 02:34:01 PM
Side note, GM sales dropped 49% in January.

S204STi

#3
February 05, 2009, 08:02:47 AM
Holy shit, I need to get out of this place quick. :mask:
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