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AB Volvo has stake in Nissan Diesel

Published Monday, May 01, 2006

AB Volvo, parent company of Volvo Trucks North America and Mack Trucks, has announced its acquisition of a 13% stake in Japanese truck manufacturer Nissan Diesel from Nissan Motor for 1.5 billion SEK ($195 million). The transaction strengthens Volvo's position in Asia and will provide the OEM with access to Nissan Diesel's dealer and service network in Japan and Southeast Asia. It also opens doors to joint engine and transmission ventures between the companies, AB Volvo said. Nissan Diesel is Japan's fourth largest manufacturer of medium- and heavy-duty trucks, producing almost 40,000 in 2005. Over 90% of Nissan ...

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