GM Dumps Isuzu
Read 90,873 TimesPosted Apr 11, 2006, 3:06 ET by Chris
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More in: General Motors, Isuzu

GM Dumps IsuzuMSNBC reports, "Cash-strapped General Motors Corp. is selling the shares it holds in truckmaker Isuzu to two Japanese trading companies and a bank for about $300 million to fund its turnaround in North America, the U.S. automaker said Tuesday. Disposing of the Isuzu stake marks the latest retreat for a company besieged by staggering losses, labor problems and mounting competition from Asian automakers."

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