Print Page - Isuzu may buy GM truck business

Title: Isuzu may buy GM truck business
Post by: FoMoJo on February 03, 2009, 08:29:31 AM

I guess things are getting pretty serious.

article (http://www.detnews.com/apps/pbcs.dll/article?AID=/20090203/AUTO01/902030327/1148)

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.

Title: Re: Isuzu may buy GM truck business
Post by: 93JC on February 03, 2009, 02:28:12 PM

GM's cab-over-engine medium-duty trucks were designed by Isuzu anyway.

Title: Re: Isuzu may buy GM truck business
Post by: 3.0L V6 on February 03, 2009, 02:34:01 PM

Side note, GM sales dropped 49% in January.

Title: Re: Isuzu may buy GM truck business
Post by: S204STi on February 05, 2009, 08:02:47 AM

Holy shit, I need to get out of this place quick. :mask:

CarSPIN Forums

Auto Talk => The Big Guys => Topic started by: FoMoJo on February 03, 2009, 08:29:31 AM