Isuzu: No Truth To Report That Volkswagen To Buy Share
13 Abril 2011 - 11:53PM
Dow Jones News
Isuzu Motors Ltd. (7202.TO) Thursday denied a report that German
car maker Volkswagen AG (VOW.XE) is considering taking a stake in
the Japanese truck maker.
The comment came after Germany's Manager Magazin reported in an
article to be published Friday that Volkswagen is considering
either taking over or taking a stake in Isuzu.
"There is no truth to a report on the purchase of our company's
shares" by a company, Isuzu said in a statement.
On the Tokyo stock exchange, the shares of the truck maker shot
up from the outset Thursday, briefly surging as much as 9.6%.
The company's shares ended the morning session up 5.8% at
Y309.
A Volkswagen spokesman told Dow Jones Newswires Wednesday that a
decision on a shareholding isn't on the agenda at present.
-By Yoshio Takahashi, Dow Jones Newswires; 813-6269-2791;
yoshio.takahashi@dowjones.com
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