|
The
companies are due to make an announcement soon, the people said,
declining to be identified because the information is not yet
public.
Isuzu's shares rose after a Wall Street Journal report on the
deal. They ended up 1.8 percent while the broader Tokyo market
<.TOPX> was flat.
The long-time partners have in the past jointly developed trucks
such as the Chevy Colorado pickup, sold as the i-Series by
Isuzu.
GM sold its stake in Isuzu in 2006 after a 35-year capital
alliance as it faced financial difficulties, and later announced
its exit from the medium-duty truck market when its problems
escalated and it filed for bankruptcy in 2009.
It was not immediately clear how many vehicles Isuzu would
supply under the original equipment manufacturing deal.
Of the total, 80 percent would be powered by diesel engines and
be shipped from Japan. The rest will be assembled at a plant
operated by an Isuzu partner in the United States with gasoline
engines supplied by GM, the sources said.
(Editing by Chang-Ran Kim and Edmund Klamann)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
