Isuzu

Isuzu denies seeking GM exit from joint diesel ops (Reuters)

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An Isuzu Ascender SUV is seen in Manhattan, on March 28, 2002. Japanese truck maker Isuzu Motors Ltd. denied on Wednesday that it would ask General Motors Corp. to pull out of two joint ventures that produce diesel engines and replace the U.S. auto maker with new partner Toyota Motor Corp. (Chip East/Reuters)

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Toyota buys 5.9% of Isuzu

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Toyota announced today that it will spend $373 million on a deal with Isuzu that will transfer 5.9% of the truck- and diesel-maker to the giant Japanese automaker. Toyota's goal in purchasing a stake in Isuzu is to bolster its diesel portfolio, which apparently lags behind other major automakers like cross-town rival Honda who announced in September it would have diesel-powered passenger cars for sale in the U.S. within three years.

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