Nissan's share price soared nearly 24 percent in Tokyo after reports citing unnamed sources said it might merge with Honda to form the world's third-largest automaking group. Honda's share price fell as much as 3 percent. Nissan alliance member Mitsubishi Motors Corp. is also part of the talks.
What would Honda need from Nissan?Nissan has truck-based body-on-frame large SUVs such as the Armada and Infiniti QX80 that Honda doesn't have, with large towing capacities and good off-road performance, said Sam Fiorani, vice president of AutoForecast Solutions.Nissan also has years of experience building batteries and electric vehicles, and gas-electric hybird powertrains that could help Honda in developing its own EVs and next generation of hybrids, he said.
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 in Merger Talks to Combat EV CompetitionJapanese auto giants Honda and Nissan are reportedly in preliminary merger discussions, aiming to bolster their competitiveness against Tesla and Chinese electric vehicle manufacturers.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Honda and Nissan in Talks for Deeper Partnership, Possible MergerHonda Motor Co., Ltd. and Nissan Motor Co., Ltd. are in talks to deepen their strategic partnership, which may lead to a full merger. This comes as both companies face challenges from Tesla and Chinese rivals. A combined entity would create a $54 billion company, the world's third-largest auto group by vehicle sales.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Honda and Nissan in Talks for Possible MergerJapanese carmakers Honda and Nissan are reportedly in discussions to strengthen their partnership, potentially leading to a full merger. This move comes amid increasing competition from Tesla and Chinese automakers, prompting a reshuffling within Japan's automotive industry. A combined entity would become the world's third-largest auto group by sales, surpassing Hyundai and Kia.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Renault Open to Nissan-Honda Merger TalksRenault is open to Nissan exploring a merger with Honda, hoping to strengthen its Japanese partner amidst a crisis. While Renault will evaluate any offer to protect its own interests, it believes a stronger Nissan is beneficial.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Nissan and Honda in Merger Talks Amidst Financial StrugglesNissan is exploring options to overcome financial challenges, including a potential merger with Honda. While no official announcement has been made, Nikkei Asia reports that the two Japanese carmakers are in discussions. This follows an August agreement for joint research in electrification, intelligence, and onboard software. The possible merger aims to bolster their competitiveness against the rising tide of Chinese electric vehicle manufacturers.
Source: manilabulletin - 🏆 25. / 51 Read more »