Volvo enhances their stake in Nissan Diesel Motor Co.

Volvo AB is the second largest truck maker in the European market and they have just announced their decision to increase their stake in Nissan Diesel Motor Co.

This decision would help them extend their reach in the growing Asian market, as they would now own 46.5 percent of Nissan Diesel, which is the Japan’s fourth-largest truck maker.

The two companies would also now cooperate on research projects and purchasing.

The company is focusing on growing in the Asian countries where the automotive market is expanding on fast. Volvo has said in the past that they would focus on acquisitions to fuel growth in these markets.