Japanese Companies Announce Name, Officers For Indiana Joint Venture
DETROIT (AP) _ Subaru-Isuzu Automotive Inc. will be the name of a joint venture of two Japanese automakers building a $500 million plant near Lafayette, Ind., the companies said Thursday.
Tamon Yamamoto of Fuji Heavy Industries Ltd., maker of Subaru cars, will be president and chief executive officer of Subaru-Isuzu, the new company said in a statement released in Detroit.
Motoyuki Shinoda of Isuzu Motors Ltd. will be executive vice president and chief operating officer, Subaru-Isuzu said.
Yamamoto and Shinoda will head a six-member executive team with three members each from Fuji and Isuzu, the company said. It said the new management will take over in March.
The plant is due to be completed in 1989. It will make 60,000 Subaru cars and 60,000 Isuzu light-duty trucks a year and employ about 1,700 workers.
Construction of the 2 million-square-foot plant will begin in April at an 869-acre site two miles southeast of Lafayette. The plant eventually will be able to double its production, Subaru-Isuzu said.
Fuji and Isuzu last year said they were seeking a site for a U.S. plant site, and announced the selection last December.