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GM plans more joint work with 2nd Japanese firm

By With Analysis From Monitor Correspondents Around The World, Edited by Clara Germani / August 13, 1981


General Motors Corporation said it will acquire a stake in a second Japanese automaker in an agreement to develop future supply and distribution arrangements which may involve both vehicles and components.

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GM, which already holds a 34.2 percent stake in Isuzu Motors Ltd., Japan's seventh-largest automakers, said it had agreed to purchase 14 million shares--at does not provide for representation of Suzuki's board of directors or for any management participation by GM.