GM, Isuzu will develop new midsize pickup
Isuzu Motors Limited and General Motors Co. on Friday signed an agreement to jointly develop a next-generation midsize pickup for emerging markets, Isuzu said.
The pickup would be sold in several markets globally, but not in the U.S. or Canada. The companies offered no timetable or other details.
GM currently is launching new 2015 Chevrolet Colorado and GMC Canyon midsize pickups in the U.S. and Canada.
The two automakers previously developed two generations of pickup trucks. Isuzu said Friday that the companies would use synergies and common components to help trim costs.
GM and Isuzu have a history together. In 2006, GM sold its 7.9 percent stake in Isuzu to raise about $300 million. The Detroit automaker also has a 60 percent ownership stake in a joint venture with Isuzu called DMAX Ltd. in Moraine, Ohio. That joint company builds large diesel engines for heavy-duty trucks.