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Old 05-30-2000, 06:47 PM   #1
BG5
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Member#: 695
Join Date: Dec 1999
Location: Cali
Post GM to sell FHI pickup...

Just saw this little news clip, reminds me
of how that Isuzu pickup is really a GM...:

Copyright 2000 Asia Pulse Pte Limited
ASIA PULSE
May 30, 2000
SECTION: Nationwide Financial News LENGTH: 278 words HEADLINE: JAPAN'S FUJI HEAVY TO DEVELOP CARS WITH GM IN 5-YEAR PLAN DATELINE: TOKYO, May 30
BODY:
Fuji Heavy Industries Ltd. (TSE:7270) on Monday released a five-year business plan, in which the automaker will cooperate with members of the General Motors Corp.
group, including Suzuki Motor Corp. (TSE:7269), in a bid to expand operations.

The plan calls for joint development of new cars for the global market and cooperation in manufacturing and marketing.

General Motors holds a 20% capital stake in the maker of Subaru cars, which has severed its 32 years of ties with Nissan Motor Co. (TSE:7201).

Fuji Heavy plans to develop jointly with General Motors a wagon, using a new platform developed by the Japanese firm, for release in fiscal 2004.

The company will also develop with Suzuki new minivehicles for the domestic market, using common components.

Fuji will also consider working with Fiat SpA, a newcomer to the GM group, to develop diesel engines.

Group sales in fiscal 2004, the final year of the five-year program, are targeted at 1,788 billion yen, up 34% from Fuji Heavy's results in fiscal 1999. Also in fiscal 2004,
the firm aims for group net profit of 60 billion yen, up 91%.

Fuji Heavy's worldwide sales of automobiles are projected to rise 38% to 800,000 units in fiscal 2004, while domestic sales are seen increasing 16% to 348,000 units.
The company aims to raise overseas sales by 61% to 452,000 units, taking advantage of cooperation with the GM group.

In North America, the most important overseas market for Fuji Heavy, the company plans to release a new pickup in fiscal 2002 which will be sold using GM's sales
network as well as the Japanese firm's own marketing channels.

(Nikkei)
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Old 05-30-2000, 10:26 PM   #2
CNC84
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Thumbs up

Makes me want to call my broker anyone own FHI stock? It couldn't hurt since we all know that once the turbo comes out Subarus will be sellin like hotcakes.

Chris
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Old 05-31-2000, 07:08 AM   #3
Paisan
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BRZ http://48hrs.info

Post

Yeah the S10 is an Isuzu Hombre. Although it has been discontinued in 2000. I think GM should use the Rodeo as the Blazer platform, cause it is 100x tougher and better built than the blazer is.

-mike
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Old 05-31-2000, 06:20 PM   #4
BG5
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Thumbs down

Porter,

not too sure about Saab, supposedly there is going to be a Saab badged SUV based on that Pontiac (aztek?) concept SUV out a while back...
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Old 06-01-2000, 12:40 AM   #5
HomerJay
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Silver

Post

I don't know how I feel about this. I didn't mind Nissan being a part owner, but GM. I'll have to give it some thought. Well I guess, if Toyota can work in conjunction with GM, why can't Subaru.
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Old 06-01-2000, 12:47 AM   #6
Porter
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Post

Saab has done pretty well since GM's buyout, after an initial quality drop their product vastly improved. They're steadily gaining market share.
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Old 06-01-2000, 12:51 AM   #7
John2.5RS
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Talking

I think it also has to do with name recognition.

John
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Old 06-01-2000, 12:55 AM   #8
Catfish
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2000 2.5RS Sedan
72 Datsun 240Z

Post

This is funny...

Infiniti QX4 = Nissan Pathfinder = FHI = GM
Acura ?? = Isuzu Trooper = FHI = GM
Honda Passport = Isuzu Rodeo = FHI = GM
Isuzu Hombre = Chevy S10 = FHI = GM

Amazing how stupid people are that buy these things when the exact same thing can be had for less, albeit without a wood trimmed interior. Stock in FHI would be a good bet now I'm sure. It seems every auto-manufacturer in Japan along with GM is tied up with them.

Dave
'00 2.5RS Sedan
'72 Datsun 240Z
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Old 06-01-2000, 11:50 AM   #9
Paisan
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Vehicle:
'14 Touareg TDI '14
BRZ http://48hrs.info

Thumbs up

Yeah and the Isuzu warranty is great now.

3/50K Bumper to bumper
10/120k Powertrain (engine, tranny, transfercase, front transaxle, rear diff, motormounts to name a few)

-mike
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Old 06-02-2000, 12:08 AM   #10
ColinL
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Post

Catfish, FHI and Nissan have severed all ties.

GM does own a controlling interest in Isuzu though... I think something like 30%.
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Old 06-02-2000, 12:51 AM   #11
boxerman
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Post

Just think of the potential leverage of the new GM family. Under one roof are, Saab(VCT) FHI(AWD), Isuzu, Suzuki, Fiat (Lancia, Alfa, Ferrari) and others. Also GM has an engine purchasing agreement with Honda. GM is buying access top the best technology in very specific areas.

Some people questions GM's incremental strategy, but I think they are getting much more bang for thier buck than the big mega merger/aquisitions like Daimler and Chrysler or Fords purchase of Rover and Jag.

BTW Does anyone know if Fiat owns any part of the Pinin farina design studio. Now that would be a coup if we could have the Italians styling new GMs, Soobs, Isuzus etc.

I can't beleive that Nissan puts Jerry Hirschberg on TV touting the new Maximas and Altimas, talk about styling by comittee. Nissan's slogan should be "Nissan, we are afraid to take chances". Oh wait GM already has that slogan.

Let's get the Italians in here to do battle with the German Bauhaus boys! While we are at it I would like a couple of Ferrari designed 5V heads for the 2.5 and Variable compression technology from the Saab Vikings.

Tim
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