Nippon Mirai will back Nissan dealers
Japanese private equity firm Nippon Mirai Capital Co. will reportedly support major domestic automobile manufacturer Nissan Motor Co. in the restructuring of its dealership affiliates, Nissan Prince Osaka Co., and Osaka Nissan Co., under a new joint venture with capital of ￥500 million ($5.7 million).
Nippon Mirai will take a 51.3% stake in the new entity, named Osaka Car Life Group, while the remainder will be owned by the automotive maker. As new car sales stagnate in Japan, the company plans to consolidate...
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