View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 7, 2006

JAPAN: Toyota and Isuzu to work together

Isuzu Motors and Toyota Motor Corporation have signed a memorandum of understanding where Toyota will hold a 5.9% stake in the truck and diesel engine specialist and the two will collaborate on research and development and production.

Isuzu Motors and Toyota Motor Corporation have signed a memorandum of understanding where Toyota will hold a 5.9% stake in the truck and diesel engine specialist and the two will collaborate on research and development and production.

Isuzu will lead a focus on research and development and production of small diesel engines, joint research and development of emission-control technologies and emission-control devices for diesel engines. Meanwhile, Toyota will lead the focus on environmental technologies, including basic engine and other technologies and technologies related to alternative fuels.

“Isuzu and TMC have come to [the] view that, while they respect each other’s independency in management, each side could prosper further by strengthening their business relationship, as global competition intensifies,” the firms said in a joint statement.

Toyota will buy 100m Isuzu shares – 60m from Mitsubishi Corporation and 40m from Itochu Corp.

Topics in this article: , , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto