Published on June 5th, 2017 | by Subhash Nair0
Nissan and Mitsubishi Join Financial Services in 3 Markets
Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation today announced the launch of a branded sales finance operation for Mitsubishi in Australia, New Zealand and Canada.
Nissan’s financing arms will be responsible for providing wholesale and retail financing options and will design products for participating Mitsubishi dealerships. The newly established services will exclusively use Mitsubishi Motors Financial Services as the brand interface to retail customers and will be available from June in Australia and New Zealand, and from July in Canada.
Mitsubishi Motors Financial Services will provide attractive and competitive financing options for customers, making it easier to buy a Mitsubishi. The company, a leader in four-wheel drive and sports utility vehicles, hopes that the new financing arm will attract more buyers, encourage loyalty among customers and provide additional support to dealers.
The partnership announced today follows Nissan’s purchase last year of a 34% equity stake in Mitsubishi Motors. The new financial services operation is one example of the substantial synergies available to the two companies as members of the Renault-Nissan Alliance, one of the world’s largest auto manufacturing groups.
Nissan and Mitsubishi Motors are studying further collaboration to extend Nissan’s financing offerings to other international markets, generating more synergies.