Share price volatility for Nissan Finance has been lower than the S&P Auto Finance Index, making it a relatively defensive play in a sector facing cyclical challenges. The Hyundai Ioniq 5 EV is being offered this month with a whopping $11,000 cash rebate. Nissan is also slashing 15% of its global work force, or about 20,000 employees. That includes a 9,000 head count reduction announced late last year. Nissan Finance’s risk-adjusted returns remain above the sector median. Liquidity positions are robust, enabling potential stock buyback programs if approved.