Nissan Diesel Will Boost Truck Prices to Cover Material Costs

SAITAMA, JAPAN - Nissan Diesel Motor Co., VolvoAB’s Japanese truck-making unit, will increase prices on domestic vehicles to help offset rising raw material costs. Prices will be raised an average of 2.4 percent for heavy trucks and 3.4 percent for medium trucks, according to www.bloomberg.com.

Nissan Diesel’s price increase follows other truck-makers, including Hino Motors Ltd., which raised prices for the first time in almost 17 years as steel aluminum and oil costs climb.

Hino, Japan’s largest heavy-truck maker, expects material costs to cut operating profit by 16 billion yen ($151 million) in the year ending Mar. 31. Isuzu Motors Ltd. may also boost domestic vehicles prices.

Hino’s new prices are now in effect.