Mitsubishi Motors North America | Auto Finance News | Auto Finance News

Future of Renault-Nissan-Mitsubishi Alliance Uncertain Amid CEO Arrest

Renault–Nissan–Mitsubishi Alliance is likely to undergo reconfiguration regarding which brand holds the power, following the arrest of Nissan Chief Executive Carlos Ghosn on Monday. However, the impact on the financing side should be minimal, analysts told Auto Finance News. “Most consumers pay little attention to these palace-intrigue stories,” Michelle Krebs, an executive analyst at Autotrader, […]

NMAC’s Strategic Involvement in Alliance Drives Growth in Mexico, Canada

Nissan Motor Acceptance Corp. is leveraging its strategic partnership with the Renault-Nissan-Mitsubishi Alliance as it looks toward greater expansion in markets throughout North America, President Kevin Cullum told Auto Finance News. “[The alliance] enables the expansion of our support responsibilities in North America for sales finance,” Cullum said. Overall, the alliance provides NMAC the opportunity […]

New Mitsubishi COO Highlights Sales Growth, Ally Partnership

Mitsubishi Motors North America posted its best May sales figures in 11 years, up 19.7% year over year, and Ally Financial Inc. is set to support those sales through 2020, Mark Chaffin, the OEM’s chief operating officer, told Auto Finance News. While the Ally partnership pre-dates Chaffin’s promotion last month, the new COO told AFN […]

Car Subscription Prices Too High For Mitsubishi’s Demographic, COO Says

Mitsubishi Motors Corp. intends to let other manufacturers and auto lenders experiment in the car subscription space before stepping in to offer its own product, Don Swearingen, chief operating officer and executive vice president told Auto Finance News. “We’ve started looking into [subscriptions] but clearly to me, it’s on the luxury side of things because the cost […]

Renault Alliance Launches $1B Investment Fund For Mobility Tech

The automotive alliance of Renault-Nissan-Mitsubishi has announced the launch of Alliance Ventures, a new corporate venture capital fund that plans to invest up to $1 billion over the next five years, according to a press release. Alliance Ventures is a corporate effort to support open innovation in automotive technology, with a focus on new mobility […]

5 OEMs Using Virtual Reality to Change the Auto Market

When augmented and virtual reality first entered the consumer scene there was a lot of excitement behind its entertainment applications, particularly with video gaming. But as people have grown more familiar with the product, automakers are jumping on the bandwagon to explore the use-cases for both engineering and designing, as well as how to encourage customers to […]

‘Everything’s On The Table’ For Mitsubishi’s Financing Plans, COO Says

Mitsubishi Motors Corp plans to honor the remaining 5 ½ year contract deal it has with Ally Financial Inc. for consumer financing, despite Nissan Motor taking a controlling stake in the company back in October, said Don Swearingen, Mitsubishi Motors North America chief operating officer, during a press event ahead of the Detroit auto show. […]

NMAC Eyes Finance Opportunity with Mitsubishi Vehicles

BOSTON — Nissan Motor Acceptance Corp. may finance Mitsubishi vehicles in the future, according to a company spokesman. “That is a possibility, yes,” he said at the AFSA Credit Summit for Fixed Income Investors in early June. “That investment has not been approved by the regulatory regime yet, but there is a possibility that NMAC would finance Mitsubishi […]
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