NISSAN AFFILIATE TO ACQUIRE U.S. AUTOPARTS MAKER
<Kokusan Kinzoku Kogyo Co Ltd> (KKK), a
Japanese autoparts maker owned 25 pct by Nissan Motor Co Ltd
<NSAN.T>, has exchanged a memorandum to acquire over 50 pct of
U.S. Autoparts firm <Master-Cast Co> to avoid losses on U.S.
Sales caused by the yen's rise against the dollar, a KKK
spokesman said.
    The final agreement should be signed this year when KKK
forms the new company <Alfa K Technology>, he said.
    The new firm should supply all the U.S. Major car makers,
including Ford Motor Co <F>, General Motor Corp <GM> and
Chrysler Corp <C>, he said.
 REUTER
