Nissan, others to bail out Nissan Diesel - paper

Newswire

TOKYO, Sept 30 (Reuters) - Nissan Motor Co and banks have devised a 106 billion yen ($957 million) bailout for Nissan Diesel Motor Co after Renault agreed to cut its equity investment in the Japanese truck maker, a daily said on Tuesday. The Nihon Keizai Shimbun reported that France's Renault , which owns a 22.5 percent stake in struggling Nissan Diesel, had basically agreed to halve its holding. Nissan Diesel will announce the rehabilitation plan following an extraordinary meeting later ...

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