UPDATE 3-Nissan Diesel aims for 40 percent debt cut by 2006

Newswire

(Adds details on China, fund manager comments) By Daniel Hauck TOKYO, Sept 24 (Reuters) - Struggling Japanese truckmaker Nissan Diesel Motor Co on Tuesday unveiled a new business plan aiming to cut its group interest-bearing debt by around 40 percent to 250 billion yen ($2 billion) by March 2006. Nissan Diesel also said it would expand ties with China's second-largest auto group, Dongfeng Motor Corp, to further its advance into the growing Chinese market to help offset the effects of ...

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