JAPAN: Finance chief says China key to Isuzu revival
Struggling Japanese truck maker Isuzu Motors said in an interview with Reuters on Wednesday that China holds the key to the company's revival as it works to reduce its massive debt loading by 20% in the next two years. Reuters said that Isuzu’s group interest-bearing debt is projected at a daunting 560 billion yen ($4.7 billion) by the end of this month -- roughly half of its expected revenue. But chief financial officer Shigeki Toma told the news agency that, through increased revenues and asset sales, Isuzu should be able to meet its targets for cutting the debt to 450 billion yen by March 2005.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable