Nissan Motor Co Ltd logo

Nissan Motor Co Ltd

OTCPK:NSANF (Japan)   Ordinary Shares
$ 3.55 -0.07 (-1.94%) 01:47 PM EST
4.56
P/B:
0.38
Market Cap:
$ 14.05B
Enterprise V:
$ 50.09B
Volume:
710.00
Avg Vol (2M):
4.67K
Also Trade In:
Volume:
710.00
Avg Vol (2M):
4.67K

Business Description

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.