GM, Isuzu Said Planning Venture
DAYTON, Ohio (AP) _ General Motors Corp. plans a venture with Japan’s Isuzu Motors Ltd. to build a new diesel engine plant in Ohio, the Dayton Daily News reported today.
The newspaper said GM chief executive Jack Smith and Isuzu Chairman Kazuhira Seki plan to announce on Wednesday that they will build what is expected to be North America’s most modern diesel engine plant in Moraine, which is a suburb of Dayton.
The $350 million plant will employ 700 workers and is expected to start production in 2000, the Daily News reported.
GM spokeswoman Marilynn Rowe today confirmed that the executives would be in Moraine ``and we will have an announcement with regard to a future engine project.″ She declined further comment.
A message was left for Isuzu spokesman Dan McCue.
GM has had a stake in Isuzu since 1971 and makes small pickups for the foreign company. It recently turned over its diesel engine development to Isuzu.
Isuzu, which has 13,000 employees worldwide and is Japan’s largest truck maker, began making diesel engines in 1936.
The new plant would push GM’s total investment in Moraine to more than $1 billion over the past four years.
An existing diesel engine plant in the suburb employs about 500 workers and is expected to be closed next year, the newspaper said.