UPDATE 1-Nissan Diesel to boost China sales 10-fold by '08

Newswire

(Adds details, latest share price) TOKYO, July 26 (Reuters) - Japanese truck maker Nissan Diesel Motor Co. said on Tuesday it aims to boost its sales in China nearly 10-fold in four years, and will double its stake in a Chinese joint venture to meet the target. The company, held 23.8 percent by Nissan Motor Co. , said it aims to produce and sell 8,000 trucks in China in 2008, up from about 840 in 2004. It will raise its stake in Dongfeng Nissan Diesel Motor Co. to 50 percent from 25 ...

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