1 Followers USX:NSANY - Nissan Motor Co Ltd Nissan Motor Co Ltd ADR
Sector: Consumer Discretionary, Industry: Automobile Manufacturers
Next Earnings: 9 May 2024
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USD 7.93    +0.04 (+0.51%)

28 Mar 2024


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General

CEO: Mr. Makoto Uchida

IPO: 1951-01-01

Headquarters: US

Employees: 131,719

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Description

While Nissan sold 3.3 million vehicles last fiscal year, total calendar 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.5 million vehicles makes the group the fourth-largest vehicle seller in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia with 6.8 million vehicles sold. Nissan's financial services subsidiary provides consumers with auto loans and leases but also finances Nissan's sales to its dealerships (known as floor-plan financing). Nissan is 43.4% owned by Renault, while Nissan in turn owns 15% of Renault. Nissan also owns a 34% stake in Mitsubishi Motors. Under a new alliance agreement expected to be completed before the end of December 2023, Nissan and Renault will have cross-shareholding capped at 15% voting rights for each company.

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