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Nissan is expected to receive a large loan from Japan’s export credit agency to help the auto company offer financing to US customers.
Reuters news agency reported that the Japanese state-owned Bank for International Cooperation (JBIC) had loaned US $ 2 billion. USD (AU $ 2) will grant. 72B) to Nissan to improve export sales to the US.
Nissan will use the loan to offer American customers attractive auto loan deals with the expectation to boost new vehicle sales in the largest international market outside of China.
A JBIC statement said the US « is an important market for Japanese automakers. Distribution finance has become an important tool in business strategy. « .
It is the second such loan for the Japanese automaker since July 2020, when the bank loaned 582 million. USD (790 million. AU $) in support of Nissan’s Brazilian arm.
The JBIC granted similar loans to Honda and Toyota in the second half of 2020 as automakers seek ways to boost sales after the economic downturn caused by the coronavirus pandemic.
Nissan, Auto, Finance
World News – AU – Nissan receives $ 2. 72 Billion Loans To Improve US Sales? Report | CarAdvice
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– Nissan Receives $ 2. 72 billion loans to improve US sales – report
– Japan loan Nissan $ 2 billion to sell more cars in America
Ref: https://www.caradvice.com.au
