Sweden’s AB Volvo reportedly buys a 13% share of Nissan Diesel Motor Co. Ltd., worth SK1.5 billion ($193.9 million). Nissan Motor Co. Ltd. now owns just a 6% stake in the truck maker. Nissan says Volvo has the option to buy the 6% stake over the next four years. “We are confident that Volvo is the right partner at the right time for Nissan Diesel, and will help them build a profitable long-term business,” Nissan and Renault SA CEO Carlos Ghosn says. Renault owns 20% of Volvo and Volvo ...
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