Improve Financial FundamentalsCooperation from GM, Shareholders and Financial Institutions
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| GM | 1. | Retirement of shares |
| - Cancellation without consideration (619 million shares) | ||
| 2. | Total injection of approx. Y60.0 billion for: | |
| - JV with Isuzu, capital increase in Isuzu PT units | ||
| - Intellectual property | ||
| - Subscription to new shares of Isuzu (for 10.0 billion: 12% equity) | ||
| 3. | Consolidation of PT companies and assumption of approx. Y40.0 billion debt (est. a/o Dec '02) |
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| General shareholders (excluding GM) |
1. | Reduction of capital stock: Y89.8 billion, including cancellation of GM's shareholding without consideration. |
| * Note: Number of issued shares to general shareholders remain unchanged. | ||
| Financial institutions |
1. | Debt-for-equity conversion: Y100.0 billion of debt with major banks (to be converted to new issues of preferred stock) |
 To restore Isuzu net worth |
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| 2. | New money | |
| - Bond redemption funds: financing request, to cover redemptions during the period | ||
| - Headcount reduction funds: financing request to 5 major banks | ||
| 3. | Financial support from other banks | |
| - Roll-over of existing credits: Based on request to major banks to step up cooperation, other financial institutions are also requested to accept roll-over | ||
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