General Motors Company

GM, Isuzu to Discuss Joint Development of New Pickup Truck

General Motors (GM) and Japan's Isuzu Motors Ltd will look at jointly developing a next-generation pickup truck, the automakers said, a move that could help cut costs and lessen the burden of technology development.

The companies said in separate statements that they had signed a memorandum of understanding to start negotiations, but both declined to outline the timing of the talks or any other aspect of the potential deal.

Japan's Nikkeibusiness daily reported that the deal, which will also include co-management of their pickup truck business, would be formalized late this month in a meeting between Isuzu President Susumu Hosoi and GM CEO Dan Akerson.

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