Isuzu Motors Limited has acquired a majority stake in General Motors east Africa.
This is after Isuzu bought off a 57.7 per cent stake in GM East Africa, in a transaction that will GM change its name to Isuzu East Africa.
Isuzu’s partners in GMEA are Centum Investments with a 17.8 per cent stake, ICDC (20 per cent), and Itochu Corporation (4.5 per cent).
Isuzu has been on an upward growth trajectory in local sales with its brands representing more than 95.6 per cent of all sales. Last year, the vehicle maker expanded its market share to a record 35 per cent.
