Toyota Purchases Stake In Isuzu

Toyota will buy 5.9 percent stake by purchasing 100 million shares.

Toyota Motor Corp. and Isuzu Motors said Tuesday that Toyota will buy a 5.9 percent stake by purchasing 100 million stocks in Isuzu for an undisclosed price.

Of the 100 million shares that will go to Toyota, 60 million are currently owned by Mitsubishi Corp. and 40 million are owned by ITOCHU Corp.

Isuzu and Toyota will focus their business collaboration on three main areas: fields related to research and development and production of small diesel engines; joint research and development of emission-control technologies and emission-control devices for diesel engines; and environmental technologies, including basic engine and other technologies, as well as technologies related to alternative fuels.