GM dumps Isuzu stake...
04-11-2006, 11:04 AM
#1
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GM dumps Isuzu stake...
Here's the quote from Leftlanenews...
As anticipated, General Motors announced today that it has sold its 7.9 percent equity stake in Isuzu. GM expects to get cash proceeds of about $300 million, which will be used to support the North American turnaround plan, finance future growth initiatives, strengthen the balance sheet and fund other corporate priorities.
04-11-2006, 11:12 AM
#2
The sizzle in the Steak
Who didn't see this coming?
In a widely expected move, Japanese trading houses Mitsubishi Corp. and Itochu Corp. would each take a 3.5 percent stake from the U.S. auto giant, while Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc., will buy the remaining 0.9 percent, the companies said.
In a widely expected move, Japanese trading houses Mitsubishi Corp. and Itochu Corp. would each take a 3.5 percent stake from the U.S. auto giant, while Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc., will buy the remaining 0.9 percent, the companies said.
It's been way overdue now, but like they say, "better late then never."
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