HomeUncategorizedVW in talks to buy into Isuzu

VW in talks to buy into Isuzu

Isuzu Motors Ltd. shares surged the most in four weeks in Tokyo after a report that the VW Group is considering whether to take a stake in Japan’s largest maker of light trucks. Volkswagen is considering taking a stake or purchasing Isuzu outright. It is rumored that VW board member Jochem Heizmann held talks with Isuzu and visited production sites.

A VW spokesman said the automaker won’t make a decision soon on whether to take a stake and declined to comment on other details. Isuzu shares rose as much as 9.6 percent following the report on Wednesday, the most on an intraday basis since March 16.

Daniel Sherman Fernandez
Daniel Sherman Fernandez
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