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The shares of Isuzu Motors Ltd. surged as much as 9.6 percent, the most on an intraday basis since March 16, after a Wednesday report of Germany’s Manager Magazin stated that Volkswagen AG is taking a share on Isuzu or buying the company outright. The report did not name the source.
The magazine mentioned that board member Jochem Heizmann held discussions with Isuzu and paid production sites a visit. A spokesperson for VW stated that the company will not decide soon regarding taking a stake in Isuzu, and refused to make further comments.
The magazine also reported that Volkswagen discussed the possibility of MAN SE acquiring a holding in Isuzu. According to Bloomberg data, VW owns 29.9 percent of the German truckmaker MAN.Read the entire article Isuzu shares surged 9.6 percent due to Vw’s interest in buying it
Talks are ongoing between Isuzu Motors Ltd. and Volkswagen AG to come to a truck engine supply deal, according to a report from the Nikkei business daily. However, Isuzu was quick to deny that there was an equity tie-up being planned. Reportedly, the two companies want to close the deal this autumn.
The two firms are expected to sign a confidentiality agreement and begin full-scale talks. Isuzu has yet to either confirm or deny that these talks have started with Volkswagen with regards to cooperation in engine supply and technology. Isuzu pointed out that it will consider a range of options on operational cooperation.
According to the report from Nikkei, Isuzu will be supplying seven-liter-class diesel engines for midsize trucks; and three-liter-class diesel engines for commercial vans and small trucks built by the Volkswagen group.Read the entire article Isuzu does not consider an equity tie-up with Volkswagen
Back in the late 90s, Isuzu came out with the two-door Vehicross SUV. If you’re a fan of the brand, you’ll surely remember it. That is because this model had distinct features like its unique body cladding and distinct styling.
In fact, this model became somewhat of a cult classic among off road enthusiasts. Despite already being unique, there is an even more exclusive version of the Vehicross that you have not seen, and it was dubbed the Ironman Edition.
Supposedly, the automaker’s original plan was to build 1,000 examples of the Vehicross Ironman Edition, but the exact number of how many units actually made it out of the production line is unclear. Besides that, the seller stated that the example being sold is just “1 of 86 units ever made”.Read the entire article You can get this 2001 Isuzu Vehicross Ironman Edition for $13,500
Toyota did it again: keeps title as world’s largest automaker with 10.15 million vehicles sold in 2015
For the fourth year in a row, Toyota reigns as the top automaker in the world, edging out its closest rival the Volkswagen Group. It is also the only company that earned the distinction of delivering more than 10 million vehicles in 2015.
Toyota Group, which includes Hino Motors and Daihatsu Motor, sold a total of 10.15 million vehicles which represents a 0.8 % drop compared with the year-ago figure. On second place is Volkswagen having reported 9.9 million units in sales, which include its MAN and Scania brands, and is a 2% drop from previous year level.
General Motors placed third in the round up, having delivered 9.8 million vehicles representing a 0.2 % increase. The Volkswagen group led the race in the first half of 2015 but was overtaken in the second half by Toyota after sales fell due to its emissions scandal.Read the entire article Toyota did it again: keeps title as world’s largest automaker with 10.15 million vehicles sold in 2015
Dealerships of Hyundai Motor America and Volkswagen of America, until December 2014, only had CDK Global Digital Marketing group as their exclusive certified Web site provider. Not anymore, as these carmakers have open doors for other providers to offer service to their retailers. Dealers for Hyundai – numbering 830 in the United States -- could now choose between the services of CDK Global and Dealer.com, disclosed David Tourtlotte, Hyundai's senior group manager of retail marketing.
CDK Global had been the only authorized Web site vendor for Hyundai dealers for the past four years. Tourtlotte remarked that as an authorized vendor, CDK Global and the factory has full integration to provide Hyundai dealers with inventory feeds, incentives, analytics and, importantly, leads generated from the Hyundai factory Web sites.
These features will now be available to dealers with Dealer.com Web sites. He quipped that the South Korean carmaker had chosen to have one vendor for its dealers to capture consistent inventory and performance data. He, however, said that having two technologies will allow Hyundai to better aggregate and analyze data coming from disparate software.Read the entire article Hyundai and Volkswagen get alternate Web site provides for US dealers
Volkswagen's decision to add extra production shifts in Germany for the Golf hatchback is not only attributable to strong demand, but also to problems adjusting to its new MQB platform, sources told Reuters. The MQB modular platform is expected to result to big savings as it uses more common parts across its increasing number of models.
According to a worker at Volkswagen's Wolfsburg site, the carmaker’s push to build more models has proven to be tricky on some assembly lines, leading to delays and overtime. He said that VW is having many “self-inflicted troubles.”
He added that this has forced some workers to work overtime, which has become totally unnecessary in some cases. Volkswagen has seen its sales – including those from it premium brands – surged significantly in recent years. Its sales have soared more than a half to around 9.7 million vehicles in 2013 and is expected to top 10 million units in sales this year.Read the entire article New MQB platform adds problems for Volkswagen
General Motors Co. and Isuzu Motors Ltd. are making a $60-million investment to upgrade technology in DMAX Ltd., their diesel engine joint venture in Moraine, Ohio. The investment will allow the companies to enable design changes to comply with future emission requirements as well as keep 500 workers at the site, GM said in a statement.
Since 2000, the venture – owned 60 percent by GM and 40 percent by Suzuki -- has built nearly 1.6 million diesel engines for heavy-duty trucks in the United States since starting operations in 2000, GM said. The plant builds the Duramax 6.6-liter turbo diesel engine featured in the heavy-duty versions of the Chevrolet Silverado and GMC Sierra pickup trucks. The engine could also be offered for the Chevrolet Express and GMC Savana full-size vans.
According to GM, a 2.8-liter turbo diesel engine will be available in 2015 for the 2016-model mid-size pickup trucks, the Chevrolet Colorado and GMC Canyon. The company is also considering diesel variants of the light-duty versions of the Silverado and Sierra. The plant has received $760 million since 2000 from GM and Suzuki.Read the entire article GM and Isuzu are investing $60 mil for DMAX joint venture
The Volkswagen brand saw its operating profit for the first quarter of 2013 reduced by almost half to EUR590 million as the carmaker struggles to sell more in a recession-hit Europe by offering steeper discounts. The VW brand accounts for over half of the VW Group’s EUR46.6 billion ($60.7 billion) sales.
The VW brand also saw its profit margin drop to 2.4 percent from 4.1 percent in the first quarter of 2012. VW chief executive Martin Winterkorn remarked that the current environment is definitely a tough challenge for the entire industry. Winterkorn remarked that the VW group is not “completely immune” to the intense competition and the impact this is having on the carmaker.
Sales of VW brand vehicles, including the best-selling Golf hatchback, dropped in March for the first time in over three years. Despite the setback, VW reiterated its targets announced on March 14, 2013 to match the EUR11.5 billion record operating profit set in 2012 and to drive sales and deliveries to new record levels.Read the entire article Operating profit of Volkswagen brand drops by almost a half in the first quarter
Volkswagen van owners could now avail of contract hire or finance lease deal for as low as £199 a month (plus VAT and initial deposit), with deposit contributions from Volkswagen of up to £1,000. Volkswagen is offering the finance deals for the entire VW van range. A customer could now avail of the Caddy for as low as £199 a month, excluding VAT.
One could also avail of a Transporter for as low as £239, excluding VAT; or of a Crafter for a low as £309, excluding VAT. Volkswagen’s finance offers include an initial rental contribution from the carmaker of £1,000 for customers financing a Caddy or Crafter, or £500 for the Transporter.
Customers could also avail of alternative finance options like the traditional hire purchase or lease purchase methods, at a competitive flat rate of 3.79 per cent interest, plus a £1,000 deposit contribution from Volkswagen for a Caddy or a Transporter, or a £2,000 deposit contribution for a Crafter.Read the entire article Volkswagen is offering financing for van models until end of March
Isuzu logged a 13.6-percent jump in sales of its pickups in the United Kingdom in 2012 to 2,762 units, marking its third consecutive year of growth in the country. The increase in UK sales was attributed to the mid-year arrival of the much-anticipated Isuzu D-Max, which helped the carmaker to post its best half-year sales performance in the company’s history in the UK.
In fact, Isuzu posted an 89.7-percent year-on-year increase in D-Max sales in the UK in the first half of 2012 to 2,028 units, allowing the carmaker to grab the second place in the pick-up sales charts for the concerned period. Isuzu UK also managed to rank first in non-fleet sales of pick-ups during the second half of 2012. With its strong performance in the UK in 2012, Isuzu now considers the country as its largest market in Europe in the year.
William Brown, General Manager at Isuzu UK, remarked that the Isuzu D-Max is a compelling proposition for fleet and private buyers alike, and that its high sales in 2012 underscore the strong and consistent demand for the pickup. He noted that Isuzu’s performance is impressive considering the carmaker only introduced the single and extended cab variants to the D-Max range in November 2012.Read the entire article Isuzu posts 13.6% jump in pickup sales in UK to 2,762 units
Talks are about to start between General Motors Co and Isuzu Motors Ltd over a plan to jointly develop a next-generation pickup truck. This move may help reduce costs and the load of technology development. In separate statements, the companies said that they had inked a memorandum of understanding to begin negotiations.
However, details about the talks like the timing or any other aspect were undisclosed. According to a report from Japan's Nikkei business daily, the deal will also include co-management of their pickup truck business. It’s set to be formalized later this month during a meeting participated in by Isuzu President Susumu Hosoi and GM CEO Dan Akerson. The publication said that there will be further talks about the prospect of GM again acquiring a stake in Isuzu.
However, an Isuzu spokesman rejected the idea that there will be capital ties. He said that there’s “no possibility” of this. GM is eager to benefit from Isuzu’s strength in Southeast Asian markets and its diesel technology. Meanwhile, an agreement for Isuzu means that it may share the weight of developing technologies.Read the entire article GM in talks with Isuzu to jointly develop a next-generation pickup truck
The Isuzu D-Max pick-up is now more than capable in taking on the Dakar Rally, when the race commences in January 2013. Based on the architecture that underpins a production Isuzu D-Max 4x4 double-cab, the Dakar-ready pick-up has been greatly improved to boost performance and to endure the harshness of more than 5,000 miles of grueling terrain, between Lima, Peru and the finish in Santiago, Chile.
The Dakar-bound D-Max is powered by an Isuzu-developed 3.0-litre (2,994cc) 16-valve common-rail turbo diesel engine, which returns up to 242hp of output and 589 Nm of torque. The engine, which is based on a standard Isuzu engine, is paired with a four-wheel drive system and a sequential five-speed Hollinger transmission as well as Xtreme rally clutch.
Protecting the vehicle and its passengers against rock impacts and potential accidents is a chassis that boasts of custom-built, full-length 8-mm aluminium skid plates. The steel cab body is also fitted with an integrated roll-cage and carbon-fibre panels, protecting the D-Max’s key components. Isuzu also installed DBA Kangaroo Paw ventilated disc brakes with cross-drilled discs and Harrop aluminium racing callipers to provide more than enough stopping power.Read the entire article Isuzu preparing to compete in 2013 Dakar Rally with enhanced D-Max
Isuzu Motors has rejected reports that it has plans to withdraw from a diesel engine manufacturing joint venture with General Motors' Opel unit. The joint venture, in which Isuzu has a 40 percent stake, has been developing diesel engines for Opel's Astra, Corsa and Meriva models in Poland since 1999. Isuzu spokesman Eiji Mitsuhashi denied a report in the Nikkei business daily that the carmaker plans to pull out of the venture.
Mitsuhashi also declined to clarify a part of the report saying that Isuzu plans to stop the development of the next-generation engine for Opel. According to the report by Nikkei, Isuzu plans to halt developing new engines for Opel due the dwindling car market in Europe. In May, Isuzu said it was holding discussions over a possible equity alliance with GM, dismissing reports that such talks were taking place.
GM disclosed last week that its Europe unit posted an operating loss of $361 million in the second quarter of 2012, in contrast to a profit of $102 million in the same period in 2011. But since GM’s loss in the unit was smaller than what some analysts had expected, the group managed to log a better-than-expected profit.Read the entire article Isuzu denies plans to withdraw from Opel joint venture
The new Isuzu D-Max pick-up in the United Kingdom will now be covered by special warranty of five years or 120,000 miles, whichever comes first, Isuzu has disclosed. The one-of-a-kind warranty is comprised of a standard 36-month/60,000-mile manufacturer's warranty and an extended warrant courtesy of the importer, Isuzu UK.
William Brown, General Manager for Isuzu UK, remarked that the special warranty offered for the new Isuzu D-Max will give its buyers a peace of mind longer than any other pick-up in the country. Brown said the special warranty is intended to showcase Isuzu’s capacity to make rugged, durable pick-ups.
The company is expecting a bumper year for the sales of the Isuzu D-Max, especially after receiving more than 7,500 expressions of interest for the all-new pick up even before its UK rollout in early July. Buyers could choose from four Isuzu D-Max specification levels and three cab configurations: extended cab, single cab and double cab. A buyer could avail of the single cab 4x2 derivative for just a Commercial Vehicle on the Road Price of £14,499.Read the entire article Isuzu D-Max’s UK warranty now covers five years or 120,000 miles
General Motors Co. is currently seeking a smaller share (compared to its initial proposal) of Isuzu Motors, which wants to stay independent, an individual familiar to the situation revealed. Initially, GM sought to have a controlling share in the Japanese truck manufacturer that’s equivalent to an investment valued at around $3 billion.
GM is eager to tap into the strength of Isuzu in the markets in Southeast Asia as well as its diesel technology. The two companies were once equity partners for 35 years so if they enter a deal, it would not be new ground. At one point, the U.S.-based vehicle manufacturer owned up to 49% in Isuzu prior to selling the holding down, thwarted by Isuzu losses at the time and later being in dire need of cash.
In 2006, its last 7.9% share was sold for $300 million. Since it exited a government-funded bankruptcy restructuring procedure in 2009, GM has started to build new partnerships through initiatives spearheaded by GM Vice Chairman Steve Girsky. In March, GM concurred to paying $423 million for a 7% stake in French automaker PSA.Read the entire article GM seeks smaller stake in truck manufacturer Isuzu, an insider reveals
Negotiations will soon begin between General Motors Co. and Isuzu Motors Ltd. about jointly selling commercial vehicles in Asia and in Central and South America, according to a Nikkei business daily report. Under this proposed deal, Gm will take a 10% stake in Isuzu. If this deal pushes through, it would restore a 35-year capital alliance that was thrown out during GM's 2006 restructuring.
As a result, Toyota Motor Corp. may be encouraged to sell its 5.9% stake in Isuzu since the GM link-up would rival its own reputable markets in Asia. The Nikkei report also said that Issue will stop talks with Volkswagen AG about a capital tie-up.
However, it will continue talks on supplying pickup trucks to Volkswagen in Thailand. GM and Isuzu are expected to begin talks in early May. It’s likely that during a meeting to be attended by Isuzu President Susumu Hosoi and GM CEO Dan Akerson this summer, an agreement would already be signed.Read the entire article Isuzu in talks with GM about jointly selling commercial vehicles
Qoros Auto Co.’s design chief Gert Hildebrand said that when the brand begins selling in Europe, it will be competing with established brands such as Volkswagen and Qoto. In January 2011, Hildebrand moved to Qoros but years before that, he led the design for BMW's Mini brand for 22 years. Qoros Auto, formerly called Chery Quantum, is China's newest automaker.
When interviewed during a recent trip to Automotive News Europe in a visit to Munich, Hildebrand said that its new mid-sized sedan will compete against established European brands. Hildebrand has a team making designs for cars. These will be built in China using designs that are very exciting.
Hildebrand oversaw the expansion of the iconic Mini brand into new variants such as the Countryman, Clubman and Coupe models. Hildebrand will assist Qoros to come out with an upscale brand of vehicles for China and Europe.Read the entire article Qoros wants to take on Volkswagen
Prices and details of the all-new Isuzu D-Max pick-up were announced before its UK launch on April 24-26 at the Commercial Vehicle Show in NEC, Birmingham. Isuzu UK said that the new Isuzu D-Max will start selling in June 2012 and will be offered with four specification levels. It’s also the first time that Isuzu UK will offer an extended cab body configuration that gets rear-opening side-access panels.
Isuzu UK also offers single and double cab versions. The range is offered with a starting price of £14,499 (CVOTR) for the entry-level Isuzu D-Max – the single cab 4x2 derivative. Furthermore, it offers a broad range of standard equipment such as air conditioning, daytime running lights, electric windows and front, side and curtain airbags.
Opting for the ‘Eiger’ double cab (from £18,499 CVOTR) means the addition of projector headlamps, Bluetooth and iPod connectivity, 16” alloy wheels and body-colored bumpers. With a starting price of £18,999 CVOTR, the ‘Yukon’ double cab also comes with a leather steering wheel with cruise and audio controls, and a six-speaker sound system, chrome exterior detailing and 17” alloys. What’s offered on the flagship ‘Utah’ model are luxurious interior comforts such as leather upholstery, heated front seats and automatic climate control. Its exterior is enhanced with roof bars and rear parking sensors.Read the entire article Isuzu D-Max will start selling in June 2012
For the third consecutive year, Volkswagen Commercial Vehicles will be the official supplier to the 2012 Dakar Rally – known as the toughest marathon rally in the world. The organization team, the Amaury Sport Organisation (A.S.O.), can use as support vehicles a fleet of almost 40 vehicles, 30 of which are Amarok pick-ups. The rally is set to take place from Jan. 1 to 15.
The starting line for the 2012 Dakar Rally is at Mar del Plata, Argentina. Competitors from around the world will go on this 9,000 kilometre journey that passes through Chile and proceed to the finish line at Lima, Peru.
On the rest day of this rally, the event will be visited by several highly esteemed visitors. Formula One star Jacky Ickx will show Scorpions’ Rudolf Schenker and boxer Dariusz Michalczewski some safety handling tips for the Amarok Automatic under off-road conditions.Read the entire article Volkswagen sends a fleet of 40 vehicles to support the 2012 Dakar Rally
Production at Volkswagen AG’s subsidiary in Slovakia has increased by 45 percent in the first six months of 2011 compared to the same period the previous year, thanks to the increasing demand for sports utility vehicles.
Volkswagen Slovakia has disclosed in an email last Thursday from Bratislava, Slovakia, that it had assembled 94,600 units from January to June. The automaker manufactures Audi-brand Q7 and Touareg SUVs at its Bratislava factory.
The company also produces the Porsche Cayenne bodies at the plant. The company further stated that from July to December this year, production will be “positively influenced" by the commencement of the serial assembly of the New Small Family compact cars.Read the entire article Demand for SUVs increases production at Volkswagen’s Slovak unit
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