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.

Tags: Automakers

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