Isuzu 2010 Annual Report Download - page 34

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32
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Corporate History
Isuzu Motors Limited Annual Report 2010
Corporate History
Event
Tokyo Automobile Industries Co., Ltd., (currently Isuzu Motors Limited) is established with capital of one million yen.
The Kawasaki Plant begins operations.
The Company’s name is changed to Diesel Automobile Industry Co., Ltd.
Company shares are listed on the Tokyo Stock Exchange.
The Company’s name is changed to Isuzu Motors Limited.
Isuzu signs a technical assistance agreement with Rootes, Ltd., of the U.K. for the Hillman passenger car.
The Fujisawa Plant begins operations.
Isuzu Sales and Finance Co., Ltd., (predecessor of IFCO Inc.) is established.
Isuzu signs a basic agreement outlining an across-the-board alliance with General Motors Corporation (GM).
The Tochigi Works (currently the Tochigi Plant) opens.
Isuzu Motors America, Inc., (ISZA) is established.
American Isuzu Motors Inc. (AIMI) is established.
Hokkaido Plant begins operations.
Isuzu signs a joint venture agreement on local production in the U.S. with Fuji Heavy Industries Ltd.
Isuzu’s headquarters relocates to the company’s new Head Office Building (6-26-1 Minami-oi, Shinagawa-ku).
Shatai-Kogyo Co., Ltd., (capitalization: 10 million yen) merges with Isuzu.
Isuzu Motors Polska Sp. zo.o. (ISPOL) is established.
ISZA and GM establish DMAX, Ltd. (DMAX) as a joint venture with a 60:40 ownership split.
Tokyo Isuzu Motors Ltd. is converted into a wholly owned subsidiary of Isuzu by means of a share exchange.
Eighty percent of outstanding shares in IFCO Inc., which had been a wholly owned subsidiary of Isuzu, are sold to
Orix Corporation.
ISZA sells 20% of its stake in DMAX to GM.
After transferring 100% of ISPOL’s outstanding shares to wholly owned Isuzu subsidiary ISPOL-IMG Holding B.V. (IIH) as
an in-kind investment, 60% of IIH’s outstanding shares are sold to General Motors Limited, a wholly owned subsidiary
of GM.
Subaru-Isuzu Automotive Inc., a joint venture between Fuji Heavy industries Ltd. and Isuzu, is dissolved.
AIMI is absorbed by ISZA.
Isuzu increases its share of voting rights in Isuzu Motors Co., (Thailand) Ltd. from 47.9% to 70.9% and converts both
that company and Isuzu Engine Manufacturing Co., (Thailand) Ltd. into consolidated subsidiaries.
All IFCO Inc. shares owned by Isuzu are sold to Orix Corporation and IFCO Inc.
The Kawasaki Plant closed.
Isuzu and GM agree to dissolve their equity tie-up. GM sells all its Isuzu shares to Mitsubishi Corporation, ITOCHU
Corporation, and Mizuho Corporate Bank, Ltd.
Isuzu Motors America LLC (ISZA-LLC) is established and subsequently absorbs ISZA.