Toyota get nearly 5% of Isuzu capital
- The Toyota group, the world's largest carmaker in 2020, is getting its hands on all the Japanese carmakers that were independent ten years ago. After the takeover of Daihatsu and Hino in the late 1960s (but Daihatsu became a wholly-owned subsidiary of Toyota only since 2016), the Toyota group was taken by surprise when Mitsubishi was acquired by Nissan in 2016.
- It was therefore pushing by taking a 5% of Mazda in 2017, then in August 2019 a 5% stake of Suzuki, then increased its participation in Subaru to 20% in September 2019. Finally in March 2021, Toyota has taken an almost 5% stake in Isuzu. The first Japanese carmaker has therefore united most of the Japanese automobile industry around it. Even if it is not a total control of the other Japanese carmakers, the Toyota group is involved in nearly 70% of the Japanese car market and its competitors are down to two, Honda and Nissan-Mitsubishi, two major carmakers that it will one day have little chance to control.
- Isuzu produces and markets utility vehicles, primarily trucks and pick-ups. Its range is therefore quite in competition with Toyota (pick-up) and Hino (trucks), just as Suzuki is also a competitor of Daihatu, and Mazda and Subaru are also competitors of Toyota. Ultimately, this strategy could allow synergies in the sharing of components or even platforms. Toyota's move also helps lock down the Japanese auto industry and prevent any possibility of a takeover of a Japanese carmaker by another Japanese or foreign one.
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