GM, Japan's Isuzu in talks on truck tie-up

The firms have signed an agreement “on launching talks” to develop the trucks and “will make an announcement at the appropriate time,” Isuzu said in a statement without releasing any more details.

The announcement came after Japan's leading Nikkei business daily said the pair would likely reach an agreement later this month on a joint venture.

Under the reported deal, GM will start procuring about 100,000 engines for pickups from Isuzu, while looking to a possible investment in the Japanese firm.

In 2006, GM sold its long-standing minority stake in Isuzu — most of which was bought by Toyota — to generate cash as the ailing U.S. automaker was undergoing a massive restructuring.

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