Japanese automakers Honda Motor and Nissan Motor are reportedly entering merger talks to help them compete against Tesla and other electric vehicle makers, according to the Nikkei financial newspaper.The two firms are considering operating under a single holding company, and are expected to sign a memorandum of understanding for the new entity, according to the Tokyo-based Nikkei.
In March, Japan's number two and three automakers, after rival Toyota, deepened ties when they agreed to explore a strategic partnership on electric vehicles.Analysts characterized the move as one that is aimed at helping the automakers catch up with Chinese competitors, including BYD, which have captured more market share, while Japanese firms have lost ground by focusing more on hybrid vehicles.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honda and Nissan Reportedly in Merger Talks to Compete with TeslaJapanese automakers Honda Motor and Nissan Motor are reportedly in talks to merge to better compete with Tesla and other electric vehicle makers. The Nikkei financial newspaper reports that the companies are considering operating under a single holding company and are expected to sign a memorandum of understanding soon. The paper also suggests that Mitsubishi Motors, of which Nissan is the top shareholder, could be brought under the new entity to create one of the world's largest auto groups.
Source: CBSHealth - 🏆 480. / 51 Read more »
Honda and Nissan in Merger Talks to Rival Tesla in EV MarketJapanese automakers Honda and Nissan are reportedly discussing a merger to compete more effectively with Tesla and other electric vehicle manufacturers. The potential merger could involve a single holding company and the inclusion of Mitsubishi Motors.
Source: KPIXtv - 🏆 443. / 53 Read more »
Honda and Nissan Reportedly in Merger Talks Amid EV CompetitionJapanese media reports suggest Honda and Nissan are merging, aiming to strengthen their position against major electric vehicle players like Tesla and BYD. While both companies have denied the merger claims, they acknowledged exploring collaboration opportunities.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Honda and Nissan Reportedly in Merger TalksJapanese automakers Honda and Nissan are exploring the possibility of a merger to strengthen their position in the competitive automotive market.
Source: nbcchicago - 🏆 545. / 51 Read more »