Nissan Diesel business plan calls for 40% debt cut

Newswire

TOKYO, Sept 24 (Reuters) - Nissan Diesel Motor Co on Tuesday unveiled a new business plan calling for the struggling Japanese truckmaker to cut its interest-bearing debt by around 40 percent to 250 billion yen ($2 billion) by March 2006. The debt-choked firm also said it would expand ties with China's second-largest auto group, Dongfeng Motor Corp, to further its advance into the growing Chinese market and help counter the sluggish and overcrowded domestic truck market. A decade-long ...

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