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AB Volvo makes $1.1 billion Nissan Diesel bid

Published Tuesday, February 20, 2007

AB Volvo has made a public offer to acquire Japanese truck maker Nissan Diesel for SEK 7.5 billion (U.S. $1.1 billion)—a move that would double AB Volvo’s global medium-duty volume as well as give the OEM a foothold in Asia. In 2005, Nissan Diesel sold approximately 42,000 trucks and buses with about 64% of its sales based in Japan. Globally the combined companies would add 19,000 medium-duty units to AB Volvo’s operations annually, doubling the OEM’s current volume to about 38,000. In spite of this lift AB Volvo, the world’s second-largest truckmaker after DaimlerChrysler AG, will still lag ...

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