Nissan Motor Co., Ltd. and Nissan Financial Services, Co., Ltd.
(NFS), a wholly-owned subsidiary of Nissan, today announced the
decision to separate its car rental business division – Nissan
Rent-a-Car - currently under NFS and integrate it under Nissan Network
Holdings Co., Ltd.,* by December 2008.
Japan, the car rental business is expected to grow further, due to the
diversification of vehicle ownership patterns. As one of its core
businesses, Nissan will establish a dedicated car rental subsidiary to
facilitate the expansion of the business through the right allocation
of resources and focused management.
NFS will continue to focus on its core business of vehicle leasing and financing.
Details related to the new car rental subsidiary will be announced in early-October.
*Nissan Network Holdings Co., Ltd. is a holding company responsible for the asset management of Nissan’s dealerships in Japan.