UPDATE 1-Volvo buys 13 pct of Nissan Diesel for $195 mln

Newswire

(Updates with confirmation of the sale, discount, quote) TOKYO, March 21 (Reuters) - Swedish truck maker Volvo AB said on Tuesday it had bought a 13 percent stake in Japan's Nissan Diesel Motor Co. for 1.5 billion Swedish crowns ($195 million) to strengthen its Asian operations. The stake sale by the Japanese truck maker's car-making affiliate Nissan Motor Co. is at a discount of about 14 percent to stock market value, according to Reuters data. Volvo, the world's second-biggest truck ...

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