Japanese giants Honda and Nissan are set to hold merger talks, according to a report by financial newspaper Nikkei. The two firms announced plans to work together in order to co-develop electric vehicle platforms and batteries in a bid to take on increasing competition in the EV market. According to Nikkei, the two firms are looking at joining forces under a single holding company.
Both statements read: “As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other's strengths.” The announcement of details about Honda and Nissan’s EV partnership gave some hints to the appeal of a possible greater tie-up between the two long-time rivals. Speaking at that time, Nissan CEO Makoto Uchida said: “Emerging players are very aggressive and making inroads at incredible speed.
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.
Nissan-Honda merger: Japanese automakers announce plans to mergeJapanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday.
Source: AP - 🏆 728. / 51 Read more »
Honda, Nissan allegedly planning to start merger talks in light of EV competition: reportHonda Motor and Nissan Motor are reportedly set to start negotiating a potential merger between their companies soon, according to Japanese media.
Source: fox32news - 🏆 547. / 51 Read more »
Nissan, Honda Shares React to Merger SpeculationNissan's stock surged while Honda's dipped after reports that the Japanese automakers might merge under a holding company. The Nikkei newspaper reported that Honda and Nissan are planning to sign a memorandum of understanding soon, potentially bringing Mitsubishi Motors, in which Nissan holds a 24% stake, under the umbrella. While Nissan confirmed exploring collaboration possibilities, no decisions have been made.
Source: nbcchicago - 🏆 545. / 51 Read more »
Honda-Nissan Merger Could Create $54 Billion Automotive GiantA potential merger between Honda and Nissan would create a company valued at $54 billion, producing 7.4 million vehicles annually and becoming the third-largest automotive group globally. This follows a strategic collaboration in March to advance electric vehicle development, amidst Nissan's financial and strategic challenges. While Honda shares fell, Nissan and Mitsubishi saw significant increases.
Source: Investingcom - 🏆 450. / 53 Read more »
Nissan, Honda in Merger Talks, To Form Holding CompanyNissan shares surged 22% while Honda Motor stock slipped following media reports that the two Japanese automakers were potentially considering a merger. According to a report in the Nikkei newspaper, Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding. They also look to eventually bring Mitsubishi Motors, in which Nissan is the top shareholder with a 24% stake, under the holding company.
Source: NBCLA - 🏆 319. / 59 Read more »