General Motors to Re-Enter US Medium-Duty Market
General Motors Co. plans to return to the U.S. medium-duty truck market in 2016 through a manufacturing agreement with Isuzu Motors Ltd.
The medium-duty vehicles will be built by Isuzu and sold under the Chevrolet brand.
GM, the largest U.S. auto manufacturer in terms of units sold, exited the medium-duty business after filing for bankruptcy in 2009. The company sold an 8% stake in Isuzu in 2006.
GM’s move to re-enter the medium-duty business comes at a time of steady growth for that sector.
U.S. retail sales of Classes 4-7 trucks increased 3.5% in the first five months of 2015 compared with the same timeframe last year, according to sales figures from WardsAuto.com.
