Isuzu: Considering Various Options For Tie-Upgrades Including Volkswagen
April 21 2011 - 10:50PM
Dow Jones News
Isuzu Motors Ltd. (7202.TO) said Friday it is considering
various partners for possible tie-ups including German car maker
Volkswagen AG (VOW.XE), but no official decision has been made.
The comments came after the Nikkei reported in its Friday
morning edition that Isuzu and Volkswagen have begun negotiating a
tie-up involving the mutual supply of truck engines and related
technologies, a move that could create a formidable force in
emerging markets.
The report said the two firms will soon sign a confidentiality
agreement and enter into full-scale talks, with an eye toward
signing a deal this autumn. Depending on how the negotiations
progress, they will also consider acquiring stakes in each other,
it said.
But Isuzu said there is no truth to the report that the two
companies will start considering mutual shareholding.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789;
Hiroyuki.Kachi@dowjones.com
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