Report: DaimlerChrysler has plan to buy Nissan Diesel
TOYKO (Feb. 24, 2000) — Freightliner Corp. and Mercedes Benz parent DaimlerChrysler AG will announce a plan to buy Nissan Diesel, Nissan Motor Co.’s indebted truck affiliate, according to German news reports.
Nissan Diesel Motor Co. shares jumped 20% in Tokyo following the news report by Germany’s VWD news agency. It said DaimlerChrysler, seeking a stronger presence in Asia, had prepared contracts for the agreements. DaimlerChrysler officials are calling the report speculation.
Earlier this month Nissan Motor, of which Mack Trucks parent Renault SA is a major investor, said it was working with banks in Japan to renegotiate the truckmakerÕs substantial bank debt.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.