September 15, 2008

Nissan will develop a new truck engine and introduce nine models in India in the next four years

Nissan Diesel Motor (PINK:NSNDF), a subsidiary of Nissan Motor Co.Ltd. (TYO: 7201), is going to develop a new low-pollution engine for its trucks. The company acquired Swedish automaker, Volvo AB B (PINK: VOLVF), in 2007. Till now, Nissan Diesel used to buy engines from Hino Motors Ltd. ADR (PINK:HINOY) From now on, the company is going to use Volvo engines.

Nissan Motor’s manufacturing plant in Saitama prefecture in Japan will start sales of the new model in 2009. They will market 4-ton trucks.

On the other hand, Nissan Motors India Pvt. Ltd. is going to launch nine new car models in India in the next four years to strengthen its position in one of the fastest growing car markets in the world. The company will source these models from India. With that end in mind, Nissan and Resnault SA (EPA:RNO) are going to build a manufacturing plant in Chennai.

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