TOKYO: Isuzu Motors Limited is expanding into the used car business.
It announced today that it has acquired a 9.9% stake (about 400 million yen) in Japanese used car company, Apple International Co., Ltd.
Both companies will form a strategic capital and business alliance for domestic and overseas joint ventures.
Isuzu said the used vehicle business was a way for it to enhance its aftersales business.
Apple International has an extensive distribution network mainly in the used passenger car segment in Japan and Thailand.
