|
 |
|
December 4, 2001
Isuzu Motors Limited
Statement Regarding Recent Share Price Movements
On the Tokyo Stock Exchange
Isuzu Motors Limited ("Isuzu"; code 7202) is planning to hold a press conference at the Tokyo Stock Exchange
today. According to Isuzu, the Company's president, Mr. Yoshinori Ida will deliver following messages to the
media:
| 1. |
In the past few days, Isuzu share price has been showing speculative movements on the Tokyo Stock Exchange. This is not at all representative of the actual performance of Isuzu. |
|
| 2. |
Isuzu is now making all-out efforts to achieve turnaround, and lay solid foundations for the future success, all in accordance with the mid-term business plan, "Isuzu V-Plan", originally announced in May 2001. Isuzu is gathering strong momentum and its earnings are beginning to show rapid improvements; one recent evidence is in the successful turnaround of operating profits Isuzu achieved in the first half of current fiscal year ending March 2002. |
|
| 3. |
As an important family member of General Motors Group, Isuzu plays a central role in the commercial vehicle and diesel engine businesses of GM Group. GM and Isuzu have re-confirmed our agreement that the two companies will spare no efforts in enhancing ever more intimate alliance relationship. |
|
| 4. |
On the funding front, Isuzu has been recently come to an agreement with the Dai-ichi Kangyo Bank to receive a 50-billion yen credit line. Likewise, other banks and financial institutions are supporting Isuzu. That said, Isuzu is taking all the possible measures to ensure operations. |
Isuzu will further sharpen its focus to ensure solid implementation of the V-Plan, to the end that Isuzu can continue receiving strong confidence of our shareholders and customers.
# # #
|
