Honda, Nissan, and Mitsubishi to Explore Merger

Honda, Nissan, and Mitsubishi have started talks about merging into a single company. The goal is to reach an agreement by June 2025, and complete the merger by August 2026. The new company could be the world's third biggest automaker with 8 million annual sales. Honda and Nissan have officially announced they will host discussions over the next six months about merging into a single holding company. Mitsubishi, already in alliance with Nissan, will also participate in the talks.

If successful, the merger could be finalized by 2026, with Honda expected to nominate the majority of directors and the president of the new company. The resulting entity would become a $50 billion company, making it the world’s third-largest automaker by sales volume, behind only Toyota and VW Group. In a joint statement, the three carmakers announced that the potential merger is aimed at maintaining global competitiveness and enabling the companies to continue delivering more attractive products and services to customers worldwide. The news follow a difficult period of Nissan which has recently slashed 9,000 jobs and cut 20% of its production capacity. Nissan's shares saw their value increase by over 20 percent after the initial reports about the merger talks with Honda. The three companies had already announced a partnership for the development of EVs and software in August 2024. In a joint press conference in Tokyo, Honda and Nissan revealed they have signed a Memorandum of Understanding marking the beginning of the merger talks, and will form a special committee to explore the details. A different MoU has been signed with Mitsubishi, that will decide on its participation by the end of January 2025. The ultimate goal is to reach a final agreement by June 2025

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