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Nissan Walks Away From Banking Ambition | Raleigh News
Nissan’s sudden exit from launching its own bank marks a major shift in the auto industry’s financial strategy — as rivals like Toyota and BMW have long used their own federally insured banks to slash borrowing costs and boost competitiveness. With Ford, GM, and Stellantis moving forward with their banking charters, Nissan’s retreat comes amid a credit downgrade and aggressive cost-cutting under its Re: Nissan plan. The automaker chose cash flow preservation over the hefty upfront investment and regulatory burden of building a bank — leaving it at a funding disadvantage while competitors gain…
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