GM Sells Its $300 Million Stake in Isuzu to Japanese Firms
Click here to write a Letter to the Editor.
GM has sold its stakes in Fuji Heavy Industries Ltd. and Suzuki Motor Corp. for $2.7 billion, and is selling a majority of its finance arm, General Motors Acceptance Corp., for $7.4 billion. (Click here for previous coverage.)
eneral Motors Corp. confirmed Tuesday it will sell its 8% stake in Japan's Isuzu Motors Ltd., for $300 million.
GM will sell the shares to Itochu Corp., Mitsubishi Corp. and Mizuho Financial Group, the automaker said in a statement. (Click here for previous coverage.)
The cash gain will be posted in its second quarter, GM said.
