UPDATE 2-Volvo takes major stake in Nissan Diesel

Newswire

(Rewrites with Volvo statement, details and share price, adds STOCKHOLM to dateline) STOCKHOLM/TOKYO, Sept 25 (Reuters) - World number two truckmaker Volvo said on Monday it would spend 4 billion crowns ($553.2 million) to increase its stake in Nissan Diesel Motor Co. to just under 50 percent. The Swedish company is buying the remaining 6 percent in the firm owned by Nissan Motor Co. for 500 million crowns, and preference shares, to be exercised between 2008 and 2014, owned by Nissan ...

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