US car maker General Motors expects to raise $300m (€248m) cash by selling its stake in Japan's Isuzu Motors.

It sold its 7.9% Isuzu stake to Japan's Mizuho Corporate Bank and conglomerates Mitsubishi and Itochu, all business partners and shareholders of Isuzu. The strategic relationship with Isuzu, started in 1971, continues.

Shanny Basar in New York

Isuzu

Itochu

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GM cashes out of Isuzu

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