GM, Isuzu to talk on capital tie-up: Nikkei

TOKYO (Reuters) - General Motors Co will begin talks about taking an around 10 percent stake in Isuzu Motors Ltd , as the two carmakers look to jointly sell commercial vehicles in Asia and in Central and South America, the Nikkei business daily said on Saturday.

Japanese truck maker Isuzu Motors Ltd. said it was considering a business tie-up with Volkswagen AG of Germany."We are discussing cooperation as it's hard to develop and produce vehicles by ourselves amid the current tough business conditions," an Isuzu spokesman said on Friday.The company said in a statement that it was "broadly considering possible collaborations with Volkswagen, but nothing has been decided."Isuzu issued the statement after the Nikkei business daily reported that the two firms had started negotiations on a truck business tie-up.

TOKYO (Reuters)

Isuzu is considering various partners for possible tie-ups, including Germany's Volkswagen, but it denied a local media report that the two companies will consider a mutual shareholding.

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General Motors Co said on Wednesday it will buy back 200 million of its shares from the U.S. Treasury, which intends to sell the rest of its stake in the company over the next 15 months, bringing to an end ownership that led many to dub the automaker “Government Motors.” Chief Financial Officer Dan Ammann said GM will pay US$5.5 billion, or US$27.50 a share for the Treasury stake in a deal expected to close by year end. Treasury said it will sell its remaining stake of about 300.1 million shares “through various means in an orderly fashion” over the next 12 to 15 months.

General Motors Co first proposed taking a controlling stake of more than one-third in Isuzu Motors Ltd - an investment worth some $3 billion - but is now seeking a smaller holding after the Japanese truck ...