“Stansfield Motors will now manage our Nissan brand in Malawi after we terminated our relationship with CFAO,”said Nissan Market Development Manager for sub-Saharan Africa, Grant Scott.
Scott said they cut ties with CFAO after its subsidiary CFAO South Africa sold majority shares to Toyota Tsusho Corporation, the owner of Toyota Motors which is Nissan competitor. The Japanese headquartered Nissan Motor Corporation sells its cars under the Nissan, Infiniti, Datsun and NISMO brands.
Since 1999, Nissan has been part of the Renault –Nissan Alliance, a partnership between Nissan and French automaker Renault. As of 2013, Renault holds a 43.4 percent voting stake in Nissan, while Nissan holds a 15 percent non-voting stake in Renault.[eap_ad_2]
In 2012,Nissan was the sixth largest automaker in the world behind Toyota , General Motors, Volkswagen Group, Hyundai Motor Group and Ford.
Nissan was founded in 1934 after, Aikawa separated the expanded automobile parts division of Tobata Casting and incorporated it as a new subsidiary, which he named Nissan Motor Corporation Limited.
The automobile maker has produced an extensive range of mainstream cars and trucks, initially for domestic consumption but exported around the world since the 1950s. (Ventures Africa)[eap_ad_3]