Opel, the sick man of Europe, just can’t catch a break. Even Isuzu wants out of its current arrangements with the ailing German automaker.
Just-Auto and the Nikkei are reporting that Isuzu will halt engine building activities for Opel (including the Meriva, above), and will end a joint-venture with General Motors. It was unclear how Isuzu would get rid of its 40 percent stake in the Poland-based diesel engine operation. Isuzu denied that it would pull out of the venture, or cut its workforce in Europe.
Isuzu is joining the “let’s flee Japan and the rising yen” bandwagon, and their latest venture involves assembling export-bound trucks in Saudi Arabia.
Well America may be the overall volume leader for pickup truck sales, the per-capita title belongs to Thailand, and they prefer a different flavor of truck as well.
Giving gifts to 24 Hours of LeMons judges in order to ensure smooth turning of the gears of justice has been a tradition for
several many years now. While jugs of quality booze remain the most common judicial bribe, keeping my liver at least semi-functional mandates that most of that stuff get passed on to track workers. Not so with bribes involving weird toy cars, however; I’ve got quite a collection of such gifts on my office bookshelves now. While I prize my Leyland P76, Nissan Prairie, and Impala Hell Project diorama, the car that now sits in the place of honor on my desk is one that I received from a Denver racer who couldn’t wait for the B.F.E. GP next month and came by Chez Murilee with this lovely Detroito-Tokyo icon of the early 1990s. (Read More…)
Here some background on the GM/Isuzu tie-up. Japanese wire services such as The Nikkei [sub] and Jiji report that GM approached Isuzu and “informally proposed acquiring a stake” in the Japanese truck maker. The source is an unnamed executive of Isuzu.
According to The Nikkei [sub], GM and Isuzu will start negotiations in early May for a roughly 10 percent share. If the negotiations are successful, Isuzu President Susumu Hosoi and GM CEO Dan Akerson could meet this summer to sign the agreement. (Read More…)
Uh oh. Here we go again. GM apparently wants a 10 percent stake in Isuzu to build commercial vehicles.