Volvo in Nissan Diesel takeover

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Volvo has bid £211.5m to buy Japanese truck manufacturer Nissan Diesel.

Volvo already owns 19 per cent of the business and the offer is supported by Nissan’s board of directors. Volvo’s chief executive Leif Johansson said Nissan held a strong position in the Japanese and Asian market, an area Volvo predicts will see substantial growth in the future.

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