Isuzu To Establish Joint Sales Company In Ukraine in April+

TOKYO, Japan -- Isuzu Motors Ltd. said Tuesday it will establish a joint sales company in Ukraine in late April to increase its sales of trucks and buses in the country and neighboring territories.

Isuzu Automotive Co., Ukraine, to be capitalized at about 500 million yen, has set its sales target in 2006 at 3,500 units, the Japanese truck maker said.

Bogdan Corp., a Kiev-based automaker which has been producing small buses using Isuzu's small truck platforms since 1999, will have a 50 percent stake in the new company.

Of the rest, 30 percent will be owned by Isuzu and 20 percent by Japanese trading house Sojitz Corp.

In the future, Isuzu said the new company aims to sell about 20,000 units of Isuzu and Bogdan vehicles a year in Ukraine and surrounding countries.

Source: TMC