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.
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