Automobile Sales Finance Business Loan in the United Mexican States

メキシコ合衆国における自動車販売金融事業向け融資

Country

Japan

State / City

National

Posted date

2024-01-23
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This policy relates to a loan agreement between JBIC (Japan Bank for International Cooperation) and NR Finance Mexico, S.A. de C.V. (NRFM), a subsidiary of Nissan Motor Co., Ltd. in Mexico. The loan amount is up to $900 million (JBIC portion). This loan will finance NRFM's auto sales finance business in Mexico targeting Nissan brand cars. Mexico is not only a production and export base to the Americas for Japanese automakers with a high presence in the country, but also an important market for auto sales. In Mexico's auto market, the usage rate of sales finance at the time of purchase is high, and auto sales finance has become an important tool in the business strategy of each automaker to promote sales and expand share. This loan contributes to the strengthening of the supply chain and the maintenance and improvement of international competitiveness of Japan's automobile industry by supporting Nissan's overseas business expansion necessary for auto sales finance business. Nissan is aiming to popularize electric vehicles in Mexico based on the company's sustainability strategy, and this loan also contributes to such efforts of the company.

Instrument

Loan & Loan Guarantees

Purpose

Investment promotion
Sectoral development
Self-reliance
National security

Agency

Japan Bank for International Cooperation

Sector

Automobiles

Data+Law uuid

JPN_03810_Program

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