Honda and Nissan begin merger talks to create third-largest carmaker

announced their intentions to merge Monday, aiming to create the world’s third-largest automaker in an industry facing radical change with electric vehicles and emerging Chinese automakers.announced a memorandum of understanding that will start discussions of a merger for the two automakers to create one joint company. Another Japanese automaker, Mitsubishi, which was already in an alliance with Honda, will also be a part of the discussions.

“Creation of new mobility value by bringing together the resources including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing,” Honda CEO Toshihiro Mibe said in a statement Monday. “Honda and Nissan are two companies with distinctive strengths.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Honda and Nissan Officially Begin Merger TalksHonda and Nissan announce plans to merge, forming a joint holding company. This move comes as Nissan faces financial challenges and reflects the increasing consolidation in the automotive industry.
La source: InsideEVs - 🏆 579. / 51 Lire la suite »

Honda and Nissan officially begin merger talks to create world's third-largest automakerBoth companies are grappling with intense global competition in the electric vehicle market from the likes of Tesla and China's BYD.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Honda and Nissan Begin Merger Talks, Aim for Third Largest Automaker StatusJapanese automakers Honda and Nissan have initiated merger negotiations, potentially positioning them as the world's third-largest car manufacturer. Both companies announced share buyback plans, with Honda's share price experiencing a significant surge while Nissan's dipped. A holding company will serve as the parent entity for the merged group, listed on the Tokyo Stock Exchange. Mitsubishi, Nissan's strategic partner, has the option to join the new group.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »