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General Motors has been seeking a buyer for the unit since a deal to sell it to Navistar International Corp. fell apart last summer. The automaker is seeking to divest the unit as part of its bid to raise upwards of $15 billion in fresh capital to fund its ongoing turnaround.
Isuzu, Japan's second-largest truckmaker has long been considered a potential buyer. The company already owns a 40% stake in an Ohio-based diesel engine joint venture currently 60% owned by GM. But company president Susumu Hosoi was quoted in Japan's Nikkei newspaper as saying Isuzu has no intention of taking over the entire unit, saying he would only be interested in buying a stake in the business if GM maintained some involvement. Isuzu could produce trucks and engines GM discontinued, Hosoi said, and would be interested in selling through GM's North America dealership network. - Lou Whiteman See Dealscape post on GM's deal with Navistar falling apart Lou Whiteman is The Deal's senior airline and automotive reporter. Categories Deal Video
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Japanese automaker Isuzu Motors Ltd. has reportedly ruled out buying the medium-duty truck business of General Motors Corp., but could be interested in a joint venture with the unit. 
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