Truckmaker Volvo AB announced earlier today that it has purchased a 13-percent interest in the Nissan Diesel Company from Nissan Motor Company. The $195 million dollar stake boosts the Swedish company's profile in Asia, with the option to buy Nissan Motor's remaining 6-percent stake within the next four years.

Today's news is particularly interesting given that the company revealed designs on improving its North American commercial truck business this past January.

[Source: Reuters]

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