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ISUZU MOTORS LTD. (JAPAN) ANNOUNCES MAJOR ELEMENTS OF MID-TERM BUSINESS PLAN, RELATED PRODUCT AND CORPORATE NEWS: GM AND HONDA CITED

 WHITTIER, Calif., Dec. 18 /PRNewswire/ -- Isuzu Motors America Inc., the importer of Isuzu vehicles to the United States, acknowledged today elements of the mid-term business plan released Dec. 19 in Tokyo by parent company Isuzu Motors Ltd. and related corporate and product news.
 The mid-term plan is designed to chart the company's global course until 1995, focusing on certain activities.
 -- Isuzu Motors Ltd. has initiated a policy of centralization of resources, manpower and investment. It will concentrate on the commercial vehicle markets, sport utility vehicle segments and the manufacturing of components such as diesel engines and transmission assemblies;
 -- Isuzu will strengthen its collaborative efforts with General Motors Corp.; and
 -- Isuzu will form complementary relationships with other manufacturers which will be formed on a business basis and will recognize Isuzu's product strengths and weaknesses.
 The mid-term report acknowledges that Isuzu will suspend independent development of its next generation passenger car. However, the manufacture and sale of current model passenger cars will continue for the time being. American Isuzu Motors Inc. will continue to market the Isuzu Stylus sedan as a 1993 model.
 Isuzu also recognized its recent agreement with General Motors Corp. to begin contract assembly of a Class-3 (3-ton payload) gasoline powered truck at GM's Janesville, Wis. plant beginning in early 1994. The truck will be distributed through Isuzu Truck of America Inc. (IST) and for retail sales by IST dealers and GM (Chevrolet/GMC) dealers in the United States. It will feature U.S.- sourced components, including the 5.7-liter engine and transmission. Anticipated production volume will be 6,000 to 12,000 units per year.
 In a related announcement, Isuzu Motors Ltd. and Honda Motor Co. Ltd. confirmed ongoing negotiations to determine the feasibility of product outsourcing and complementation. The study will determine the feasibility of Isuzu producing a sport utility vehicle in the United States for sale by Honda's U.S. dealer network. Should final agreement be reached, the Honda-badged sport utility would be produced by Isuzu at its shared manufacturing facility in Lafayette, Ind. Sales could begin as early as January 1994. Details regarding production volumes and related matters were not disclosed.
 Isuzu and Honda are also evaluating the feasibility of a Honda passenger car being sold in Japan through Isuzu's Japanese domestic dealer network.
 Isuzu is the industry's leading import sport utility nameplate. The popular Isuzu Rodeo is built in the United States and is now the best-selling import sport utility in the United States.
 -0- 12/18/92
 /CONTACT: Daniel McCue of Freeman/McCue Public Relation, 800-662-2464 or 714-557-3663, for Isuzu Motors/


CO: Isuzu Motors Ltd. ST: California IN: AUT SU:

JB-LS -- LA034 -- 8489 12/18/92 22:00 EST
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Date:Dec 18, 1992
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