The story
Isuzu Trucks South Africa was founded in November 2006 with a total investment of 80 million Rand as a joint venture between Isuzu of Japan and General Motors South Africa, with both investors owning 50%.
Isuzu Motors Ltd. of Japan increased its share of Isuzu Trucks South Africa to 70% by buying a 20% stake from GM South Africa in 2013.
In 2017, General Motors South Africa announced it was closing, and that Isuzu would buy the remaining 30% of the shares of Isuzu Trucks South Africa, merge them with other assets of GM South Africa which Isuzu would also purchase, and ultimately form Isuzu Motors South Africa.
In January 2018, Isuzu Motors established a new South African subsidiary, Isuzu Motors South Africa, which merged the commercial and passenger vehicle manufacturing into one company in SA. The new firm was based in Gqeberha, Eastern Cape, alongside the manufacturing facility.
From Wikipedia’s article on Isuzu Trucks South Africa, shared under CC BY-SA 4.0.3