Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Isuzu Motors Gains After GM Pickup Truck Agreement: Tokyo Mover

Isuzu Motors Gains After GM Pickup Truck Agreement
Isuzu Motors Ltd. trucks bound for shipment sit in a lot in Yokohama City, Japan. Photographer: Tomohiro Ohsumi/Bloomberg

Isuzu Motors Ltd. rose to the highest level in more than four years in Tokyo trading after agreeing to develop a pickup truck with General Motors Co.

Isuzu gained 3.8 percent to 545 yen at the close of trade today, its highest since June 2008. The benchmark Nikkei 225 Stock Average added 0.7 percent.

GM signed a memorandum of understanding with Isuzu to cooperate in building next-generation pickup trucks, the Detroit-based carmaker said in a Jan. 9 statement. After ending their 35-year capital alliance in April 2006, GM and Isuzu have continued to build trucks together at Isuzu’s factory in Thailand. The automakers jointly developed the D-Max one-ton pickup, which made its debut in Thailand in 2002.

“While no specific measures have been decided yet, we already build pickups with GM,” Eiji Mitsuhashi, a spokesman for Tokyo-based Isuzu, said by phone today. “I believe the idea for now is to continue doing that for the next model as well.”

The chairmen from each company will meet as early as this month to discuss the plan, the Nikkei newspaper reported before GM’s announcement. Toshihiro Kishi, a Tokyo-based spokesman for GM, said no specific dates have been set for the meeting.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.