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* Sweden - Volvo Agrees to Buy Nissan Diesel for $1.1 Billion
Gothenburg, Sweden -Bloomberg, by Naoko Fujimura & Chad Thomas -Feb. 20, 2007: -- Volvo AB, the world's second-largest truckmaker, agreed to buy Nissan Diesel Motor Co. for 7.5 billion kronor ($1.1 billion) to gain a regional brand name and add production in Asia, the world's fastest-growing economic area... The maker of Volvo, Mack and Renault brand trucks follows DaimlerChrysler AG, the world's largest truckmaker, in buying a Japanese manufacturer to increase production in the region. Volvo last year sold 7 percent of its trucks in Asia. Nissan Diesel also offers technology that can reduce engine emissions as countries tighten pollution standards...
Labels: business
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