Isuzu Motors Limited and General Motors Company today signed a formal agreement to jointly develop a next-generation midsize pickup.

Isuzu and GM previously developed two generations of pickups that have been popular in more than 100 countries around the world due to their strong performance, fuel efficiency and durability.

The next-generation midsize pickup is expected to be sold in several major markets around the world. It will not be sold in the U.S. or Canada.

Based on a long history of cooperation and trust, Isuzu and GM will leverage their extensive know-how and technologies to develop the next-generation midsize pickup to match customer needs. The joint team will also leverage synergies and commonize components to enable further reductions in cost. The project will strengthen the light commercial vehicle business of GM and Isuzu, whose pickup represents the basis for the new model.