Isuzu folds finance arm

LOS ANGELES — Captive finance company Isuzu Motors Acceptance Corp. notified dealers that it stopped buying loans and leases, effective Oct. 19, and is going out of business.

Terry Maloney, a spokesman for American Isuzu Motors Inc., said Isuzu signed up Bank One Corp. as an auto lending partner in August, so Bank One probably will get a lot of the business the captive was doing.

0

Shares

ATTENTION COMMENTERS: Over the last few months, Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Newsletters