Printer Friendly

ISUZU ANNOUNCES CORPORATE RESTRUCTURING; AMERICAN ISUZU MOTORS WILL MERGE ISUZU TRUCK AND ASSUME ISUZU DIESEL SALES, ISUZU MOTORS OF AMERICA WILL MERGE WITH ISUZU TECHNICAL AND ISUZU DIESEL OPERATIONS

 CITY OF INDUSTRY, Calif., Oct. 28 /PRNewswire/ -- Isuzu companies in the United States have announced consolidation of operations and restructuring aimed at improved efficiency, enhanced competitiveness and overall cost-cutting. The changes announced today will be effective Jan. 1, 1994 and are a logical and practical extension of Isuzu's worldwide sport-utility, light-truck, commercial vehicle and component sales strategies.
 According to the restructuring plan, Isuzu Motors America, Inc. (ISZA), the importer of Isuzu vehicles and administrative coordinator for Isuzu in the United States, will merge with Isuzu Technical Center of America Inc. (ITCA), the company's engineering, testing and design authority. ISZA will additionally merge with Isuzu Diesel North America (IDNA), the distributor of diesel engines and parts. The consolidated company will be referred to as Isuzu Motors America, Inc.
 American Isuzu Motors Inc. (AIMI), distributor of Isuzu light-duty trucks and sport-utility vehicles in the United States, will merge with Isuzu Truck of America, Inc. (IST), distributor of Isuzu commercial vehicles. AIMI will additionally be responsible for IDNA sales. The newly consolidated company will be referred to as American Isuzu Motors Inc.
 Kozo Sakaino, president of AIMI/IST, commented: "Both IST and AIMI are doing very well in the United States, with Rodeo and NPR models ranked as best-sellers in their respective product categories. It is critical that we pursue the merger of various Isuzu companies in a way that makes sense for our dealers, customers and employees. By consolidating operations, Isuzu will more efficiently serve the U.S. market while providing enhanced technical, engineering and design capabilities overall."
 Isuzu Motors America President Kazuo Akasaka further noted that with the consolidation of companies, some job redundancies unfortunately are expected. "Our goals of greater efficiency and productivity must recognize the possibility of duplication of effort and job redundancy at some levels. Regrettably, some Isuzu employees will be affected by the reorganization. But, we will make every effort to make any job transition fair and accommodating," he said.
 Messrs. Akasaka and Sakaino noted that Isuzu's sales performance in the U.S. market continues to strengthen. "Our plan continues to focus on those market segments where Isuzu can profitably compete. We have no interest in seeking volume growth at the expense of profit. Likewise, the ability to serve our dealers in ways that can boost retail profitability is of primary concern of Isuzu. Every consolidation change made thus far has been guided by these principles," Sakaino concluded.
 -0- 10/28/93
 /CONTACT: Freeman/McCue Public Relations, 800-662-AIMI/


CO: Isuzu Motors America Inc. ST: California IN: AUT SU: RCN

JL-MF -- LA048 -- 8270 10/28/93 20:09 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 28, 1993
Words:431
Previous Article:/C O R R E C T I O N -- CONTINENTAL SAVINGS/
Next Article:AVERY DENNISON INCREASES DIVIDEND
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters