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The world's second-largest truck company, Volvo AB, has agreed to buy Nissan Diesel Motor Co. for $1.1 billion in a bid to gain a greater foothold in the booming Asian market. Asia has been a weak spot for Volvo thus far, comprising just seven percent of its sales in 2006. By buying Japan's fourth largest truck producer, Volvo should be able to establish a far more secure position through Nissan's regional brand name and production capabilities.

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Truck manufacturer AB Volvo, which has full control of the Mack Trucks brand in North America and Renault Trucks in Europe, announced it will showcase its environmentally-friendly engines at the IAA commercial vehicle show in Hanover that starts on September 21. The new medium-duty and heavyweight long haul trucks (not pictured) will all meet the Euro V requirements that don't officially kick in until 2009. The trucks will emit 80 percent fewer particulates and 50 percent less nitrogen oxide tha

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