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Nissan Group

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Title: Nissan Group  
Author: World Heritage Encyclopedia
Language: English
Subject: Nissan, Asano zaibatsu, Furukawa Group, Sumitomo Group, Mitsubishi
Collection: Nissan
Publisher: World Heritage Encyclopedia

Nissan Group

Nissan Group
Industry Conglomerate
Founded Japan (1928 (1928))
Founder Yoshisuke Aikawa
Headquarters Chiyoda, Tokyo, Japan
Area served
Products Industrial machinery, telecommunications, power plants, information systems, electronics, automotive, materials, financial services, construction

Nissan Group (日産コンツェルン Nissan Kontserun, "Nissan Kabushiki Kaisha), Nissan for short.

The group's core business was real estate and insurance with hundreds of member companies, including fisheries, mining companies, and is affiliated with Hitachi Group companies, as well as what Nissan is now known for—its automobile industry. After World War II, the zaibatsu was disbanded, and reformed into Nichiyo-kai, otherwise known as Nissan Group.

Although the Nissan name was primarily known for its car manufacturing outside of Japan, Nissan Motors was a comparatively small side business compared to its core real estate business until the real estate crash of the early 1990s (see Japanese asset price bubble). Like the similar subprime crisis, the crash dealt a devastating blow to the Nissan Group by leaving it with several hundred billions of dollars of debt.

The Nissan Group has long since shed the majority of its real estate assets, and has focused on manufacturing and insurance. Nissan Motors was given more independence as Renault SA of France bought a 38.8% stake for $5.4 billion in Nissan Motors (日産自動車株式会社) in 1999 and installed Chief Executive Carlos Ghosn of Brazil. Its successful turnaround was attributed by CEO Ghosn to his ability to detach it from Nissan keiretsu connections and debt and eliminate 23,000 jobs from the Japanese workforce.

Nissan Concern Member Companies

Former members

See also

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