Sollers has left the partnership with Isuzu

Sollers has left the partnership with Isuzu

Autostat – Sollers has left the Sollers-Isuzu partnership, selling 29% share to Isuzu Motors Limited and 21% to Sojitz Corporation. The new shares allocation is as follows: 74% Isuzu Motors Limited, 26% Sojitz Corporation.

The general director Vadim Shvedtsov has stated that Sollers has left the partnership, in order to focus on the SUV and LCV segments, where the company feels more secure, under the current market conditions.

As is known, Sollers-Isuzu partnership used to manufacture light tonnage trucks, within the structure of Ulyanovsk Car Factory.