Honda and Nissan Take Historic Steps Toward Merger

Honda Motor Co. and Nissan Motor Co. have signed a basic agreement for merger talks, aiming to create a formidable force in the automotive industry. The joint venture, involving a holding company to be listed by August 2026, will see Honda nominate a majority of the board members. Mitsubishi Motors Corp., partially owned by Nissan, is also expected to join the group. This alliance would result in one of the world's largest automakers, challenging Toyota Motor Corp.

domestically and Chinese automakers internationally. While projecting substantial operating profits, Honda CEO Toshihiro Mibe did not specify details on integrating operations, particularly addressing factory closures or streamlining

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.

Nissan and Honda to attempt a merger that would create the world's No. 3 automakerTOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.
Source: SooToday - 🏆 8. / 85 Read more »