Nissan to sell truck makers

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The Independent Online
NISSAN MOTOR, Japan's second-largest car maker, could sell its truckmaking division to German rival Daimler-Benz in an attempt to trim its large debt.

The company said yesterday that it was planning to reach agreement with Daimler-Benz as early as July on areas of cooperation that could include the sale of Nissan Diesel Motor Co, Japan's fourth-largest truckmaker.

Nissan holds an industry-high Y2.5 trillion in interest-bearing debt and plans to trim Y1 trillion in debt by March 2001.