Honda Motor and Nissan Motor are reportedly in the process of merging their companies and are set to start negotiations soon, according to Japanese media.
The merger plans have not been confirmed by either company. On Tuesday, both companies released identical statements tossing water on the reports. The respective market capitalizations of Honda and Nissan are roughly 5.95 trillion yen and 1.17 trillion yen .
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:
Business Business Latest News, Business Business 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 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 »
Honda and Nissan reportedly open merger talksWill Shanklin has been writing about gadgets, tech and their impact on humanity since 2011. Before joining Engadget, he spent five years creating and leading the mobile technology section for New Atlas. His work has also appeared on SlashGear, TechRadar, Digital Trends, AppleInsider, Android Central, HuffPost and others.
Source: engadget - 🏆 276. / 63 Read more »
Japan's Honda and Nissan to reportedly begin merger talksNissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported.
Source: nbcsandiego - 🏆 524. / 51 Read more »
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 »