AM Online

Isuzu drops further into red

Ballooning restructuring costs have pushed troubled Japanese commercial vehicle manufacturer Izuzu deeper into the red in the six months to September. Group net loss for the period was $684.5m – more than three times the loss during the same period last year.

The debt-ridden truck maker posted an operating loss of $174m – compared with a profit of $37m last year as sales plunged 24 per cent to $5bn.

The company is forecasting a group net loss of $1.3bn on sales of $100bn (2001= loss £351bn, sales of $130bn).

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