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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56257)	11/26/2001 4:08:05 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

11/26 00:43 Isuzu Expects Full-Year Loss; 1st-Half Deficit Widens (Update4) By Kae Inoue quote.bloomberg.com Tokyo, Nov. 26 (Bloomberg) -- Isuzu Motors Ltd., which said its first-half loss widened, cut its full-year forecast to a loss of 25 billion yen ($202 million), because of slumping truck sales in the U.S. and at home. The Japanese truckmaker, 48.5 percent owned by General Motors Corp., said its first-half loss widened 6.8 percent to 23.6 billion yen, or 18.46 yen a share, from a loss of 22 billion yen, or 17.52 yen a share, in the year-earlier half. The results were in line with analysts' estimates. The company will increase its job-cut plan by 3,300 staff as slowing economic growth hurts demand for its heavy trucks used in construction projects. Isuzu shares are down by half this year and its bonds are trading at record lows as investors await more signs General Motors plans to revive the truckmaker. ``Investors have a positive view on the additional job cuts, but whether the company is on its way to a fundamental recovery is still unclear,'' said Yasuo Ishizuka, who manages 60 billion yen in Japanese stocks at Kokusai Asset Management Co.