Isuzu Motors will to continue to flex its global muscles with a new, three-year plan that, if successful, will see it export 350,000 heavy/medium trucks and 420,000 light trucks by 2011. And it expects Isuzu Truck (UK) to double its sales volumes along the way. Speaking at last week's launch of Isuzu Truck (UK)'s new middleweight rigid range, executive vice-president for Isuzu Motors Goro Shintani said:
"In order to make that
350,000 units target take shape, we have assigned each market its share of the work, and Isuzu Motors expects Isuzu Truck (UK)'s sales volumes to reach 5,000 units a year - which is more than double this year's volume target." On the Japanese truck maker's latest three-year plan, Shintani said: "[It] is very challenging, it will call for a consolidated yearly turnover of roughly £10bn and a gross operating profit of £750m."
He added that Isuzu Motor's last three-year plan, completed at the end of March, yielded an "excellent outcome, fulfilling all the targets set out - namely £8.5bn in sales and an operating profit of around £500m". According to Shintani: "We have generated cash and squeezed bank loans, and consequently we now have a very healthy balance sheet that makes it possible for us to allocate more and more resources into R&D."
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