Nissan Is Said to Face SEC Probe on Pay After Ghosn’s Arrest

The Securities and Exchange Commission is investigating whether Nissan Motor Co. accurately disclosed its executive pay in the U.S., according to several people familiar with the matter, compounding the carmaker’s woes as it grapples with the aftermath of former chairman Carlos Ghosn’s arrest. The U.S. financial regulator is examining whether Nissan’s executive-pay disclosures were accurate […]

• Bloomberg News
• January 28, 2019
• Operations

Auto Finance News’ Top 5 Stories of 2018

It was an interesting year. Early in 2018, Fiat Chrysler Automobiles said it would form a captive unit. The end of the year saw the arrest of Renault-Nissan-Mitsubishi alliance head Carlos Ghosn. And there was plenty of news in between. What follows are AFN editors’ picks for top five stories of 2018: Fiat Chrysler Automobiles […]

• Nicole Casperson
• December 26, 2018
• Compliance, Credit Performance, Operations, Risk, Strategy

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, […]

• Nicole Casperson
• November 20, 2018
• Operations, Strategy

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 […]

• Nicole Casperson
• September 6, 2018
• Operations, Strategy

Didi Chuxing and 31 Automakers Form Alliance for Ridehailing

Didi Chuxing has teamed up with 31 auto industry partners, including Volkswagen and Toyota, to create the Didi Auto Alliance, a new integrated transportation service initiative that will combine auto leasing and sales, auto finance, auto service, fleet operation and car-sharing, the company announced last week. Partners in the Alliance include Chinese carmakers such as […]

• Emma Sandler
• April 30, 2018
• Asia

Chinese Ride-Hail to Raise $1.6B ABS for Lease Partners

Chinese ride-hailing company Didi Chuxing received approval this week from the Shanghai Stock Exchange to securitize $1.6 billion of leases originated by some of its partners. Didi acts as a middleman between leasing companies and Didi’s ride-hail drivers. The timing of the first $47 million issuance is unknown. “The [leasing] companies can use the funds […]

• Emma Sandler
• March 26, 2018
• All Posts, Asia, Capital Markets, Strategy

Renault, Alibaba Partner on New Business Channels

Renault SA  formed a strategic partnership with Chinese e-commerce behemoth Alibaba to help sell cars in the growing Chinese market, the French manufacturer said on Wednesday. The cars will be sold on Alibaba’s online Tmall service, a business-to-consumer retail platform. The idea is to“forge a unique experience to Tmall and Renault customers worldwide,” the statement said. Renault […]

• Emma Sandler
• March 8, 2018
• Asia, Innovation & Mobility, Strategy, Technology

Renault-Nissan-Mitsubishi Alliance to Explore Car-Sharing Partnership With DiDi

The auto alliance of Renault-Nissan-Mitsubishi has signed a memorandum of understanding (MOU) with DiDi Chuxing, the leading Chinese mobility transportation platform, to explore a potential partnership in the People’s Republic of China, the company announced in a press release. The Alliance and DiDi have signed the MOU to explore future business partnerships on a new […]

• Matthew Wood
• February 7, 2018
• Asia, Innovation & Mobility, Strategy, Technology