World No. 2 truckmaker Volvo's is to make its largest single investment in a project to develop new truck models, Swedish daily Dagens Industri said on Wednesday.The paper quoted Volvo Chairman Finn Johnsson saying the investment was "the biggest single investment that has ever been decided on by Volvo's board."Johnsson would not give further details.

The paper said the five-year project would see the development of new models for Volvo's truck brands, such as Renault, Mack, Nissan Diesel and Eicher.

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