Isuzu has been totally finanically restructured over the last couple of
years - it was practically bust. GM used to have a 49% stake in Isuzu,
which has now reduced to around 12%. As part of the restructuring GM has
written off some Isuzu debt and bought out some Isuzu commercial diesel
There are several references on the web about Isuzu's dire financial
position and the restructuring.
Dave, who works for Isuzu has another view. I have heard the same as
Andrew and also that Isuzu will reduce to what is basically a pick-up
truck manufacturer, which is surely unsustainable.
This is some of what Dave told me and I hope he doesn't mind because
there is no great secret in it.
"Isuzu like al other Japanese companies are experiencing cash flow
issues. This is no reflection on the company or the business. Isuzu
one of the strongest companies in Japan.
GM have actually increased their holdings of Isuzu to 60%. This
Isuzu Japan, Isuzu Germany and Isuzu Poland. All these are very
It strikes me that if Isuzu were one of the strongest companies in
Japan then their economy must be in truly dire straits. Strong
companies do not need financial bail-outs and neither do they commonly
shrink substantially in output but mostly expand. In my experience, a
company's workers are about the last to know of its demise.
The big question is, "what are Isuzu dealers going to sell in
sustainable and profitable volume after Trooper"? The pick-up will
surely not keep Isuzu UK in business. Neither will the tiny volume of
Outgoing mail is certified Virus Free.
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The facts are a matter of public record.
See this page for details of the rescue package:
See also the Isuzu investor relations page at:
Many investors and employees believed that of Marconi too - until they
learned better. Debt for equity swaps are about avoiding insolvency - not
about temporary cash flow problems. Isuzu is in *very* serious financial
Strange that as Isuzu cannot meet the demand for trucks they are actively
recruiting over 100 new employees for Fujisawa plant.
Whilst I don't doubt the information you have found, I think that this is
not the complete picture.
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