Hino denies it to buy some of Volvo's Scania stock

Newswire

TOKYO, Feb 24 (Reuters) - Japan's Hino Motors Ltd denied on Tuesday that it was thinking of buying some of Swedish truck maker Volvo's shares in another Swedish truck maker, Scania . Swedish business daily Dagens Industri had reported on its website that Hino, the truck unit of car maker Toyota and one of the strongest of Japan's four truck makers, would offer almost three billion crowns ($411 million) for 11 million Scania A-shares . "There is no basis in fact to the story," Hino ...

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