Toyota’s Acquisition of Isuzu
Toyota acquired a 5.9% stake in Isuzu Motors Ltd. The acquisition was announced on November 10, 2006, and involved Toyota purchasing 100 million shares of Isuzu stock from trading houses Mitsubishi Corp. and Itochu Corp. for $373 million.
This acquisition was part of Toyota’s strategy to bolster its diesel capabilities, as it aimed to strengthen its diesel portfolio, which apparently lagged behind other major automakers. Additionally, the alliance between Toyota and Isuzu aimed to jointly develop advanced vehicles, such as small autonomous trucks, in response to the urgent need for carmakers to find partners in developing new, costly technologies, particularly for automotive electrification.
The capital alliance between Toyota and Isuzu was revived in 2021, with the two firms investing more than 40 billion yen in each other to jointly develop advanced vehicles, including small autonomous trucks. This alliance also involved truck-maker and Toyota subsidiary Hino Motors Ltd., aiming to clear emissions regulations and meet demand from customers who are increasingly aware of global warming.
In summary, Toyota’s acquisition of Isuzu was a strategic move to strengthen its diesel capabilities and develop advanced vehicles through a capital alliance with Isuzu and Hino Motors Ltd.
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Why is there no Isuzu in USA?
Isuzu Motors Limited, a Japanese automobile manufacturer, stopped selling its passenger vehicles in the United States in 2009 due to slow sales and the impact of the economic recession. Isuzu continues to sell commercial vehicles, such as trucks and buses, in the United States through Isuzu Commercial Truck of America.
When did GM buy out Isuzu?
G.M. initially bought about a third of Isuzu in 1971, a stake it increased to 49 percent in 1998. The size of G.M.’s holding fell when Isuzu underwent a restructuring of its own four years ago and as the Japanese company sold new shares.
Does Toyota use Isuzu engine?
Isuzu has used both its own engines and General Motors-built engines. It has also produced engines for General Motors, Renault, Saab, Honda, Nissan, Opel, Toyota, and Mazda.
When did Isuzu go out of business?
After a string of trucks and SUVs on shared platforms with GM, Isuzu pulled out of the passenger-vehicle market in the U.S. in 2009, leaving us with only its branch of commercial trucks. What a bummer!
Is Isuzu better than Toyota?
The dmax has a bigger engine though Toyota Hilux has more torque. Interestingly ,both vehicles have great towing capacities which are braked. The Isuzu dmax has better fuel economy compared to the Hilux ,the dmax also has a better service interval than the Hilux.So both vehicles will serve any purpose required of them.
Is Isuzu still sold in America?
Isuzu Motors is a Japan-based automaker. While this automotive company has vehicles in other markets, it no longer sells new cars in America. However, you may still find used models.
How much of Isuzu does Toyota own?
In March 2021, Isuzu, Hino, and Hino’s parent Toyota announced the creation of a strategic partnership between the three companies. Toyota acquired a 4.6% stake in Isuzu while the latter plans to acquire Toyota shares for an equivalent value.
Is Duramax still Isuzu?
GM has invested more than $32.6 billion in U.S. manufacturing and parts distribution since 2013, including DMAX, which was previously a joint venture with Isuzu Diesel Services of America Inc. DMAX has been a wholly-owned subsidiary of GM since May 2022.
Who owns Isuzu now?
Isuzu is a publicly traded company, and its shares are held by a wide range of other companies and individuals. In 2022, the most prominent shareholders of Isuzu stock are the Mitsubishi Corporation, the ITOCHU Corporation, and the Toyota Motor Corporation.
What brands use Isuzu engines?
Isuzu engines are used in many different applications, including those of other leading global brands such as Case, New Holland, Kato, Hanix, Sumitomo, IHI, Hitachi, JCB and Kobelco.
