ISUZU AUSTRALIA ACKNOWLEDGES SIGNIFICANT POTENTIAL OF GLOBAL AGREEMENT

The recent announcement of the establishment of a non-binding Memorandum of Understanding with the intent to form a strategic alliance within commercial vehicles between Isuzu Motors and the Volvo Group has been welcomed by Isuzu Australia Limited (IAL). The alliance is designed to harness the strengths of both companies in addressing and responding to the vast array of opportunities presented by the ongoing transformation of the commercial vehicle industry. “We understand that this alliance involves a global technology partnership, the transfer of ownership of the UD Truck business and the exploration of other collaboration opportunities,” commented IAL Director and Chief Operating Officer, Mr Andrew Harbison. “Both global groups offer a broad range of high-quality, efficient and fit-for-purpose commercial vehicles and we have seen a steady stream of future-focussed technology and product developments from each. “The potential of this tie-up for the global commercial vehicle landscape is significant,” he said. “In Australia, our customers benefit from the deep understanding of the road transport industry and comprehensive product strategy of our parent company, Isuzu Motors Limited. “We then tailor this for the local conditions and our long-term leadership of Australian truck market is an endorsement of this customer-focussed approach. “We look forward to providing more of what the transport and logistics industries need both now and into the future, and announcements such as this confirm that Isuzu Motors has its sights fixed well into the future also,” Mr Harbison concluded. To view the Isuzu Motors Limited statement, click here: https://www.isuzu.co.jp/world/press/2019/12_18.html