Isuzu Motors Ltd. (7202.TO) Thursday denied a report that German car maker Volkswagen AG (VOW.XE) is considering taking a stake in the Japanese truck maker.

The comment came after Germany's Manager Magazin reported in an article to be published Friday that Volkswagen is considering either taking over or taking a stake in Isuzu.

"There is no truth to a report on the purchase of our company's shares" by a company, Isuzu said in a statement.

On the Tokyo stock exchange, the shares of the truck maker shot up from the outset Thursday, briefly surging as much as 9.6%.

The company's shares ended the morning session up 5.8% at Y309.

A Volkswagen spokesman told Dow Jones Newswires Wednesday that a decision on a shareholding isn't on the agenda at present.

-By Yoshio Takahashi, Dow Jones Newswires; 813-6269-2791; yoshio.takahashi@dowjones.com
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