First-ever Russian-Japanese auto venture
The new company will start production in the first half of next year at two plants: one in Ulyanovsk, and the other in Tatarstan.
The joint venture is aiming to produce 25,000 trucks a year and is the first Russian-Japanese undertaking in the history of the motor industry.
Russia's Severstal-Avto holds a 66% stake in the new company. Isuzu owns 29% and the Isuzu trading house holds the remaining shares.