Volvo outlook now negative, was stable - Fitch

Newswire

NEW YORK, Feb 20 (Reuters) - Fitch Ratings on Tuesday changed its outlook on Volvo to negative from stable, citing increased risk the company will make further acquisitions after the truck manufacturer said it would purchase Nissan Diesel. The Swedish truck maker said on Tuesday it would take over Nissan Diesel Motor for $1.1 billion, seeking to grow in Asia and capitalize on the Japanese firm's expertise in hybrid technology. For details, see [ID:nT17714]. "Volvo enjoys a strong credit ...

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