Toyota to sell its 5.89% stake in Isuzu

Japanese automakers aim to accelerate their efforts to improve competitiveness in the passenger and commercial vehicle markets, respectively.

Autocar Professional BureauBy Autocar Professional Bureau calendar 03 Aug 2018 Views icon7608 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Toyota to sell its 5.89% stake in Isuzu

Toyota Motor Corporation and Isuzu Motors have agreed to dissolve their capital tie-up, with Toyota planning to sell its entire 5.89 percent stake in Isuzu in the future.

The two companies intend to maintain their strong relationship, through ongoing joint development projects related to basic technologies and the like, and will remain open to the possibility of future collaboration.

In November 2006, Isuzu and Toyota signed a basic agreement to utilise each other's operational resources in the fields of development and production focusing on diesel engines, to provide mutual technical assistance and to create a framework capable of capitalizing on the resulting synergistic effects, and to examine the feasibility of collaborative projects. At the same time, Toyota also agreed to obtain a stake in Isuzu.

Subsequently, with changes in the market environment prompting the companies to suspend some of the originally considered projects, and little specific progress achieved in other collaborative efforts, Toyota and Isuzu have agreed to reexamine the capital relationship based on the current business situation.

As the automotive industry faces sweeping, once-in-a-century changes, Isuzu and Toyota intend to accelerate their efforts to improve competitiveness in the commercial and passenger vehicle markets, respectively.

Also read: Toyota’s new HD fuel cell e-truck delivers nearly 500km range

RELATED ARTICLES
Volkswagen Group sells 465,500 BEVs worldwide in first-half 2025, up 47%

auther Autocar Professional Bureau calendar10 Jul 2025

With strong growth in Europe (+89%) and the USA (+24%), despite a sales decline in China (-34%), the VW Group’s global B...

Skoda begins sale of made-in-India CKD Kushaq in Vietnam

auther Autocar Professional Bureau calendar30 Jun 2025

Before production started, pre-series Kushaq vehicles covered over 330,000 kilometres on a variety of Vietnamese roads a...

Six Japanese companies join forces to expand use of recycled materials in new vehicles

auther Autocar Professional Bureau calendar30 Jun 2025

Denso, Toray Industries, Nomura Research Institute, Honda Motor, Matec Inc and Rever Corporation have set up the BlueReb...