Isuzu 2002 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2002 Isuzu annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 34

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34

Isuzu Motors Limited announced in May 2001 a medium-term business plan, the Isuzu V* Plan. The
company has been implementing every initiative in the plan to strengthen competitiveness and restore
corporate value while fine-tuning the plan so as to expeditiously cope with a rapidly changing operat-
ing environment. Results to date have been impressive, as evidenced by our strong earnings rebound.
The Isuzu Group remains committed to leveraging its own competitive advantages and alliance with
General Motors to establish a global business network.
The Isuzu V Plan constitutes the first step toward the rebirth of Isuzu. It clarifies pressing issues that
must be resolved and underscores Isuzu’s commitment to becoming a corporation that can provide
valued products enjoyed by customers worldwide.
* The V stands for victory and also represents a V-shaped turnaround in performance.
On the cover
Photographs:
ELF KR: This light-duty truck was launched on the market in June 2002. It boasts a newly developed engine that complies with new
exhaust emission regulations that come into force in 2003. (Domestic specifications)
New model pickup truck: This pickup truck, which we market in Thailand, recently underwent a complete model change. The new
model, launched in May 2002, was developed with GM and is to be sold worldwide.
8GF1 Diesel: The 32-valve OHC engine is manufactured at DMAX, in the U.S.A. under the name of Duramax 6600 Diesel to power GM
full-size pickups.
PROFILE
Content s
Financial Highlights . . . . . . . . . . . . . . . . 1
President’s Message . . . . . . . . . . . . . . . 2
Special Feature
V Plan Advance . . . . . . . . . . . . . . . . . . . . 6
Environmental Activities . . . . . . . . . . . . 8
Officers . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Financial Section . . . . . . . . . . . . . . . . . . 11
Corporate Directory . . . . . . . . . . . . . . . . 29
Corporate Data . . . . . . . . . . . . . . . . . . . . 30
FORWARD-LOOKING STATEMENTS
This annual report contains forward-looking statements about Isuzu Motors
Limited’s plans, strategies, beliefs and performance that are not historical facts.
These forward-looking statements are based on current expectations, estimates,
forecasts and projections about the industries in which Isuzu Motors Limited
operates, management’s beliefs and assumptions made by management. As the
expectations, estimates, forecasts and projections are subject to a number of risks,
uncertainties and assumptions, they may cause actual results to differ materially
from those projected. Isuzu Motors Limited, therefore, wishes to caution readers
not to place.
ISUZU MOTORS LIMITED ANNUAL REPORT 2002