Uh oh. Here we go again. GM apparently wants a 10 percent stake in Isuzu to build commercial vehicles.
The deal would focus on Asia and Central/South America, while also necessitating an end to the Isuzu/Toyota commercial vehicle alliance. Isuzu was also reportedly in talks with VW regarding a deal to sell Isuzu pickups in Thailand badged as Volkswagens, but that would end as well if an agreement with GM was reached.
Isuzu has resisted GM intervention in its management before (for a very lengthy, detailed timeline, click here and scroll down), but if GM did get its 10 percent, GM may have an option to get more in the future. A Thai pickup venture for shared R&D and production was also discussed – something we’ve seen in the past as well.