Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales behind Toyota and Volkswagen. The two companies said they signed a memorandum of understanding Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.
Automakers in Japan have lagged behind their big rivals in electric vehicles and are trying to cut costs and make up for lost time as newcomers like China’s BYD and EV market leader Tesla Inc. devour market share. Honda’s president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company. Honda will lead the new management, retaining the principles and brands of each company. They aim to have a formal merger agreement by June and to complete the deal and list the holding company on the Tokyo Stock Exchange by August 2026, he said. No dollar value was given and the formal talks are just starting, Mibe said. There are “points that need to be studied and discussed,” he said. “Frankly speaking, the possibility of this not being implemented is not zero.” A merger could result in a behemoth worth more than $50 billion based on the market capitalization of all three automakers. Together, Honda, Nissan and Mitsubishi would gain scale to compete with Toyota Motor Corp. and with Germany’s Volkswagen AG. Toyota has technology partnerships with Japan’s Mazda Motor Corp. and Subaru Corp. News of a possible merger surfaced earlier this month, with unconfirmed reports saying Taiwan iPhone maker Foxconn was seeking to tie up with Nissan by buying shares from the Japan’s company’s other alliance partner, Renault SA of Franc
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Nissan and Honda Explore Merger to Create Third-Largest AutomakerNissan and Honda have agreed to explore a potential merger, aiming to create a joint holding company that would become the world's third-largest automotive group. This move comes amid increasing competition in the electric vehicle market.
Herkunft: FOX10Phoenix - 🏆 83. / 68 Weiterlesen »
Honda and Nissan to Explore Merger, Aiming for Third-Largest AutomakerHonda and Nissan have agreed to explore a potential merger, which could create the world's third-largest automaker. The two companies, along with Mitsubishi Motors, plan to work towards a formal merger agreement by June 2025. The proposed merger aims to leverage their combined scale and resources to compete more effectively in the rapidly evolving automotive industry, particularly in the transition to electric vehicles.
Herkunft: trtworld - 🏆 101. / 63 Weiterlesen »
Honda and Nissan to Explore Merger, Forging Third-Largest AutomakerJapanese automakers Honda and Nissan have announced plans to merge, aiming to become the world's third-largest automaker by sales. The merger, which would also include Mitsubishi Motors, aims to address the industry's transition away from fossil fuels and challenges posed by electric vehicle development. A joint holding company is planned, with Honda initially leading the new management. The goal is to finalize the merger agreement by June 2026 and list the holding company on the Tokyo Stock Exchange by August 2026.
Herkunft: adndotcom - 🏆 293. / 63 Weiterlesen »
Honda and Nissan Explore Potential Merger Amidst Industry ChallengesJapanese automakers Honda and Nissan are in talks about a possible merger, potentially creating a major force in the global automotive industry. Facing difficulties in the Chinese market and the rise of competitive electric vehicle brands, the companies aim to leverage their strengths through collaboration.
Herkunft: ABC7 - 🏆 67. / 68 Weiterlesen »
Honda and Nissan Explore Merger and Partnerships in Auto Industry TransformationHonda and Nissan are in discussions about a potential merger to become the third-largest automaker globally. However, they are also considering alternative collaborations, including joint ventures.
Herkunft: dcexaminer - 🏆 6. / 94 Weiterlesen »
Honda, Nissan, and Mitsubishi to Explore MergerThe three Japanese automakers are in talks to combine into a single company, aiming to create the world's third-largest automaker by sales volume.
Herkunft: Carscoop - 🏆 306. / 63 Weiterlesen »