Honda and Nissan to start merger talks, in hope to compete with Toyota, Tesla and Chinese EV brands

has reported. This could ultimately grow to include Mitsubishi, which would form two camps of Japanese automakers, the other being Toyota which has stakes in

The merger, if materialised, will pool the automaker’s resources for them to better compete against Tesla as well as Chinese electric vehicle makers,said. Honda and Nissan plan to sign a memorandum of understanding for equity stakes in a new holding company under which the resulting combined company would operate,Honda, Nissan and Mitsubishi combined sold around four million vehicles in the first half of this year, whereas Toyota sold 5.2 million vehicles in the same period.

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 in Merger Talks to Compete with TeslaJapanese automakers Honda and Nissan are reportedly in preliminary talks to merge, aiming to strengthen their position against Tesla and other electric vehicle manufacturers. The potential merger, which would involve operating under a single holding company, is said to be at an early stage, with a memorandum of understanding expected to be signed soon. The Nikkei and other media outlets, citing unnamed sources, suggest that Mitsubishi Motors, Nissan's largest shareholder, could also be incorporated into the new entity.
Source: staronline - 🏆 4. / 75 Read more »

Japan’s Honda and Nissan in preliminary merger talks: reportsHonda and Nissan, two of Japan’s biggest automakers, are in early discussions about a possible merger, according to reports
Source: theSundaily - 🏆 25. / 51 Read more »