Nissan to sell Thai pickup frame unit to Press Kogyo

Newswire

TOKYO, Nov 17 (Reuters) - Nissan Motor Co. said on Thursday it will sell a Thai affiliate that produces frames for its pickup trucks to Japanese auto parts maker Press Kogyo Co. to cut costs and concentrate on its core vehicle manufacturing and marketing operations. Japan's second-biggest auto maker declined to disclose the transaction price, but business daily Nihon Keizai Shimbun put it at an estimated 1 billion yen ($8.39 million). The affiliate, Siam Auto Manufacturing, is 100 ...

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