Nissan shares surged 22% while Honda Motor stock slipped following media reports that the two Japanese automakers were potentially considering a merger.
Makoto Uchida , president and CEO of Japanese auto maker Nissan, shakes hands with Toshihiro Mibe , director, president and representative executive officer of auto maker Honda, following a press conference in Tokyo on August 1, 2024.Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to a report in the.
The combined Nissan-Honda-Mitsubishi enterprise would equate to more than 8 million vehicle sales annually, according to Nikkei. That would place the company among the world's largest automakers, but still below fellow Japanese automaker
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