Welcome to the North American Subaru Impreza Owners Club Thursday May 28, 2015
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 11-07-2006, 08:20 AM   #1
NYCshopper
Scooby Guru
 
Member#: 5126
Join Date: Mar 2001
Location: www.nugateway.com
Default Isuzu and Toyota Sign Basic Agreement on Business Collaboration

Press Release:
Quote:
Isuzu and Toyota Sign Basic Agreement on Business Collaboration
—Toyota Motor Corporation to Purchase Shares of Isuzu Motors Limited—

Tokyo—ISUZU MOTORS LIMITED (Isuzu) and TOYOTA MOTOR CORPORATION (TMC) announced today that they have signed a memorandum of understanding stating they will start studying the synergic effects of business collaboration. In the collaboration, the two companies seek to mutually utilize their management resources in the fields of research & development and production, and to supplement each other's technological development.

Although Isuzu and TMC will from now begin considering the specific form and range of their business collaboration, the main focuses are as follows:

1) Fields related to the research & development and production of small diesel engines
2) Joint research & development of emission-control technologies and emission-control devices for diesel engines
3) Environmental technologies, including basic engine and other technologies and technologies related to alternative fuels

To bring such efforts to materialization, Isuzu will assume the main role in 1) and 2) above, while TMC will assume the main role in 3).

Isuzu and TMC have come to 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.

To enable this business collaboration to move forward smoothly, TMC decided today to purchase Isuzu shares as follows:

Contents of share purchase:
· Parties TMC will purchase from: Mitsubishi Corporation
ITOCHU Corporation
· Number of shares TMC will purchase: 100,000,000 shares (60 million from Mitsubishi Corporation; 40 million from ITOCHU Corporation)
· Ratio of shares to be owned by TMC: 5.9% (expected if all Isuzu Class I preferred stocks involved are converted to common stocks)
· Planned shares settlement day: November 10, 2006
* Registered users of the site do not see these ads.
NYCshopper is offline   Reply With Quote
Sponsored Links
* Registered users of the site do not see these ads.
Old 11-07-2006, 09:04 AM   #2
BOY
NASIOC Supporter
 
Member#: 232
Join Date: Sep 1999
Chapter/Region: MWSOC
Location: Ft Wayne, IN
Vehicle:
99 RS-T RIP
02 Forster-S

Default

toyot-izuz-aru
BOY is offline   Reply With Quote
Old 11-07-2006, 09:27 AM   #3
Hazdaz
Scooby Guru
 
Member#: 14611
Join Date: Jan 2002
Default

Woah - so has GM's link with Isuzu been severed?
Hazdaz is offline   Reply With Quote
Old 11-07-2006, 10:40 AM   #4
NYCshopper
Scooby Guru
 
Member#: 5126
Join Date: Mar 2001
Location: www.nugateway.com
Default

Toyota to buy 5.9 pct of Isuzu, consider alliance

http://www.forbes.com/business/feeds...fx3150518.html


Quote:
TOKYO (XFN-ASIA) - Toyota Motor Corp is to buy 5.9 pct of Isuzu Motors and they are to examine the possibility of forming a broad business and capital partnership, the two companies said in a joint statement.

'Isuzu and Toyota have come to [the] view that, while they respect each others' independence in management, each side could prosper further by strengthening their business relationship as global competition intensifies,' the statement says.

Toyota will take a 5.9 pct stake in the truck maker by acquiring 60.0 mln Isuzu shares from Mitsubishi Corp and 40.0 mln from Itochu Corp.

The statement gave no financial details, but the closing price of Isuzu stock today suggests that the deal is worth 41.5 bln yen.

The transaction is due to be completed Friday.

It will make Toyota the third largest shareholder in Isuzu after the largest, Mitsubishi Corp, and Itochu.

Toyota and Isuzu will examine the possibility of working together on the development and production of small diesel engines, of jointly developing peripheral systems for diesels and of joining forces in the field of environment-friendly technology.

General Motors Corp, formerly the biggest shareholder in Isuzu, sold its stake in April.

Analysts said it remained to be seen if and how Isuzu, which has advanced diesel technology, could achieve synergy with Toyota's own truck maker, Hino Motors Ltd, or whether Toyota had any intention of buying a bigger stake in Isuzu in future.

In the past, when Toyota has made an initial purchase of only a minor stake in a company, it has waited a fairly long time before increasing its direct involvement in the management of the company, analysts noted.

(1 usd = 117.84 yen)
NYCshopper is offline   Reply With Quote
Old 11-07-2006, 11:45 PM   #5
flyinpig
Scooby Specialist
 
Member#: 43640
Join Date: Sep 2003
Location: usa
Vehicle:
2015 Levorg sedan

News Toyota Buying 5.9% Stake in Isuzu

On 11/7 Toyota announced its intentions to buy a 5.9% stake in Isuzu Motors. The deal will become official on 11/10. Toyota is eying Isuzu's diesel technology and the two will jointly further develop the technology.

GM used to have shares in Isuzu, just like they had FHI shares. Now Toyota owns a stake in FHI (8.7%), Daihatsu (51.2%), Hino (50.1%), and now Isuzu (5.9%).

Isuzu President Ida & Toyota President Watanabe


Isuzu UK 3.0l turbo diesel
flyinpig is online now   Reply With Quote
Old 11-08-2006, 12:49 AM   #6
BigElm
Always under your radar!
Moderator
 
Member#: 1568
Join Date: May 2000
Location: Hawtlanta!!!
Default

Hmmm... guess Toyota is really doing their best to steal GM's thunder. First, FHI and now Isuzu. At least they know what they need and where to get it.
BigElm is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Nissan and Chrysler mutually end agreement on vehicle sharing AVANTI R5 Non-Subaru News & Rumors 0 08-27-2009 07:39 AM
GM and Koenigsegg sign 100 percent stock purchase agreement for Saab AVANTI R5 Non-Subaru News & Rumors 9 08-18-2009 01:02 PM
Lotus Engineering and Harman International reach agreement on Active Noise Control te AVANTI R5 Non-Subaru News & Rumors 1 06-08-2009 04:32 PM
Intersting Tidbits about Gm and Toyota Union agreements mhoward1 Non-Subaru News & Rumors 5 03-12-2006 09:35 PM
Britian and US come to agreement on relief for nations Andrman Political Playground 9 06-12-2005 01:10 PM


All times are GMT -4. The time now is 10:31 PM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2015 Axivo Inc.
Copyright ©1999 - 2015, North American Subaru Impreza Owners Club, Inc.