UPDATE 3-Volvo buys Nissan Diesel stake for Asia growth

Newswire

(Adds details, comments from news conference) By Chang-Ran Kim, Asia auto correspondent TOKYO, March 21 (Reuters) - World number-two truck maker Volvo AB said on Tuesday it had bought a 13 percent stake in 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. The ...

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