Toyota, Isuzu to form tie-ups on capital, business

Japan's Toyota Motor Corp., the world 's second-largest automaker, reached a basic agreement with Isuzu Motors Ltd., a major Japanese truck manufacturer, Tuesday to form capital and business tie-ups, company officials said.

Toyota is to acquire a 5.9 percent stake in Isuzu on Nov. 10, and the two will cooperate in developing diesel engines and new environmentally friendly engine technologies, the automakers said.

Source: Xinhua