General Motors Completes Japanese Fire Sale

13 April 2006

   DETROIT - The ailing automaker has confirmed the anticipated sale of its 7.9% stake in Japan's Isuzu Motors [WAMN: 05-Apr-06], for around $300 million (€247m; £171m).
   General Motors has already earned $2.7 billion from the sale of shares in Suzuki Motor and Fuji Heavy Industries as it struggles to recover from a $10.6bn loss last year.
   Troy Clarke, president of Asia-Pacific operations, says the Isuzu sale will pay for restructuring and investment in new products and growth opportunities elsewhere.