Isuzu Motors and Hino Motors have made a deal to merge their bus-making operations, and a similar deal could be in the works for their truck-making business.
The New York Times reports that the troubled vehicle makers have been negotiating the bus deal for two years, and that the companies have also been discussing combining their truck-making divisions. Joint production of buses will begin in October 2003.
With the Japanese economy on the rocks, demand for trucks and buses has plunged. According to the Times, manufacturers built only 1.7 million trucks and buses last year, down 40 percent since 1990. Demand in other parts of Southeast Asia dried up in the late 1990s.
The New York Times reports that the troubled vehicle makers have been negotiating the bus deal for two years, and that the companies have also been discussing combining their truck-making divisions. Joint production of buses will begin in October 2003.
With the Japanese economy on the rocks, demand for trucks and buses has plunged. According to the Times, manufacturers built only 1.7 million trucks and buses last year, down 40 percent since 1990. Demand in other parts of Southeast Asia dried up in the late 1990s.
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