Mazda and Isuzu Agree on OEM Supply of Isuzu Small Truck
Tokyo, Japan, July. 04, 2003 - (JCN Newswire) - Mazda Motor Corporation and Isuzu Motors Limited have signed a basic agreement on OEM supply of the Isuzu "Elf" small truck series to Mazda. Mazda will sell the vehicles as "Titan" at its nationwide dealerships in Japan. Mazda and Isuzu have agreed on the OEM supply with a mutual interest in commercial vehicle strategy reflecting changes surrounding commercial vehicles, such as the expected introduction of new diesel engine emission regulations. Mazda and Isuzu have a strong relationship maintained through Isuzu diesel engine supply business for a long period of time. This OEM agreement allows Mazda to continue supplying a wide-range of competitive Titan trucks that meet the new regulations, while focusing its business resources on its strengths of passenger vehicles and other commercial vehicles. Isuzu, on the other hand, aims to strengthen its commercial vehicle business with leading-edge diesel engine technology and enhanced competitiveness through the incremental production volume of Elf trucks resulting from this agreement. Outline of the agreement is as follows: Isuzu will supply vehicles to Mazda. - Product name to be used by Mazda: "Titan" - Product to be supplied by Isuzu: "Elf" small truck (compliant with the 2003 New Short-term Emission Regulations) - Supplier: Isuzu - Purchaser: Mazda - Sold in: Japan - Start of the sales: In the 2nd half of 2004 - Supply volume: 6,000 units/year Mazda Motor Corporation will continue production and procurement of the commercial vehicles, and provide them at its nationwide dealerships. Production and sales of the Titan Mazda will continue to provide the Titan through an OEM basis agreed between Mazda and Isuzu, while the production of the current Titan, which Mazda outsources to Press Kogyo, will cease in late 2004, based on the contract between the two companies. The small truck "Titan" will be available at Mazda and Mazda Anfini dealerships throughout Japan. Production and sales of other trucks The production of the Titan Dash, Bongo truck and Bongo Brawny truck (for export) will commence at Press Kogyo's Onomichi Plant from August this year. Mazda will continue to outsource the production of these three products, even after the Titan production has ceased in late 2004. Production and sales of other commercial vehicles Mazda will continue production and procurement of other commercial vehicles such van-type commercial vehicles as Bongo van and Bongo Brawny van, as well as mini trucks. These vehicles will be available at its nationwide dealerships. About Mazda Motor Corporation Mazda Motor Corporation was established in 1920 and is one of Japan's leading automobile manufacturers. With its headquarters in Hiroshima, Mazda has two plants in Japan and manufacturing and assembly operations in sixteen other countries. Mazda cars and trucks are sold in more than one hundred and thirty countries. Ford Motor and Mazda agreed to collaborate in 1979, Ford Motor Company started investing in Mazda and increased its shareholding to 33.39% as of March 31, 1999. For further information, please visit the Mazda Motor Corporation home page at: www.mazda.com/flash.html <http://www.mazda.com/flash.html> About Isuzu Motor Limited Isuzu Motor Limited was established in 1937. Isuzu's principal activities are the manufacture and distribution of automobiles and motor vehicle parts and components. Principle divisions are Automobiles (passenger cars, trucks, buses, engines, components and parts for overseas production), Finance (credit services and leasing) and Real Estate.For further information, please visit the Isuzu Motor Limited home page at: www.isuzu.co.jp <http://www.isuzu.co.jp>
