The Toyota Motor Corporation?? (Japanese Car Maker) and the Isuzu Motors Limited (Japanese Truck Maker) announced that have capital business cooperation on the 7th Nov 2006. Toyota acquires 5.9% of stock in Isuzu Motors Limited and becomes the 3rd rank shareholder.

Besides the fact that for the car it cooperates with development production of the small-sized Diesel engine and cooperation development etc of the waste gas purifier, it cooperates even with environmental technology such as engineering development of the hybrid car and the fuel cell car. Toyota has its Hino (the subsidiary company of Toyota that major in Trucks), will have strengthen relationship with Isuzu can make it the domestic largest camp is formed in Diesel field.

On November 10th, Toyota with 44,000,000,000 Yen, buy 60,000,000 stocks from the Mitsubishi Corporation and 40,000,000 stocks buy from the C. Ito & Co., Ltd… Investment ratio after the buying (preferred stock after the converting), 9.2% of the Mitsubishi Corporation, coming after the C. Itoh & Co., Ltd. 7.7%, it reaches 3 ranks in common stock.

In the business aspect, the Isuzu Motors Limited supplies the small-sized Diesel engine and the waste gas purifier to for the Toyota car. It is seen that for Europe where the Diesel car has spread is center. Toyota offers wide environmental technology such as hybrid and fuel cell. The American General Motors (GM) which is the head shareholder (GM) the April this year, sold its Isuzu Motors Limited’s stocks to the Mitsubishi Corporation and C. Itoh & Co., Ltd..

In press conference on the 7th, Toyota’s President Mr. Watanabe said that in 7 ends of the month he made a business capital discussion with Isuzu’s President Mr. Ida. Popularity of the Diesel car whose carbon dioxide discharge quantity is small Europe has increased on the center. Toyota aimed with gathering advanced technology of Isuzu will lead in Diesel field.

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