Isuzu names Ida COO
TOKYO - Isuzu Motors Ltd. named Yoshinori Ida, who has been managing director in charge of the automaker's alliance with General Motors, as president and COO effective immediately. He succeeds Takeshi Inoh, who becomes vice chairman in charge of customer services. The 57-year-old Ida was involved in setting up DMAX Ltd., the Isuzu-GM joint venture in Moraine, Ohio, that makes diesel engines. GM owns a 49 percent stake in Isuzu. Ida's first priority will be to speed up the company's restructuring and get the cash-strapped truckmaker back to profitability. Isuzu is expected to post a loss for the full year, its second in a row.
TOKYO - Honda Motor Co. will export the next-generation CR-V compact sport-utility to North America both from its British plant and from Japan. The good news for Honda of the U.K. Manufacturing Ltd., however, was tempered by Honda's decision to postpone building of a new B-segment small car in Britain. The previously announced plans to build the new vehicle at the United Kingdom plant have been put on hold, with the car now to be supplied from Japan.
Yanase sets Saab target
TOKYO - Yanase & Co. said it plans to sell 3,750 Saab cars in Japan in the fiscal year ending next Sept. 30 at prices starting at $26,820 for the Saab 9-3 2.0t. Yanase, Saab's longtime official importer and distributor in Japan, also said it was adding to its Japan lineup the 9-5 Griffin Estate.
Forklift operations paired
TOKYO - Nissan Motor Co. and Mitsubishi Heavy Industries Ltd. agreed to cooperate globally in their forklift operations in such areas as product development and purchasing. Nissan said its forklift business has 'consistently' posted an operating profit. It has 1,700 employees and sold about 30,000 forklifts last year in more than 60 countries. Nissan did not provide market share figures for itself or for Mitsubishi Heavy Industries. Last January, Nissan cancelled plans to sell the forklift operation to Nacco Industries Inc. of the United States. The sale had been one of the first assets aimed at raising cash to pay down the carmaker's debt.