roadkill [JU]
Archived
http://www.caller.com/news/2008/feb/09/isuzu-to-stop-selling-passenger-vehicles-in/
CORPUS CHRISTI — Isuzu sold 11,301 passenger vehicles nationwide in 2007. Its top-performing dealer, All-Star Isuzu in Corpus Christi, sold 356. Compared with the more than 2.6 million Toyotas sold nationwide, it's understandable why Isuzu announced last week that it would stop selling cars and light trucks in the United States.
Officials with the Corpus Christi dealer did not return calls Friday to answer how Isuzu's decision would affect All-Star.
Chip Letzgus, a spokesman for the Japanese-based company's North American division, Isuzu Motors America, identified All-Star as the company's top dealer. Announcement of the pullout was made on Jan. 30, hours after Isuzu notified employees and dealers, Letzgus said.
General Motors Corp. built the Japanese company's most recent models and GM decided to stop production on those. Isuzu was unable to find another manufacturer for those vehicles, Letzgus said.
"In the absence of new products to sell, Isuzu Ltd. in Japan decided to discontinue the sale of passenger vehicles in the U.S.," he said.
Isuzu will continue to sell its commercial trucks in the United States. The company sold 22,655 in 2007. It also builds component parts for other manufactures, such as Nissan.
Isuzu shares closed on Friday at $3.90, down from $5.80 a year ago but up from $3.65 a month ago.