Honda, Nissan aim to close merger talks in June 2025, source says

Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan, on Mar 15, 2024. by setting up a joint holding company, a person familiar with the matter told Reuters, with the aim of reaching a deal by June 2025.

The Japanese automakers will hold a joint press conference following board meetings on Monday that Nissan's alliance partner Mitsubishi Motors is also expected to attend, according to the person and a second source.Honda and Nissan aim to finalise the deal by June 2025 and set up a holding company in August 2026, when its shares will be listed while Honda and Nissan would delist, said the first person.

The two companies said in March they were considering cooperation on electrification and software development. They agreed to conduct joint research and widened the collaboration to Mitsubishi Motors in August. French automaker Renault, Nissan's largest shareholder, is open in principle to a deal and would examine all the implications of a tie-up, sources have said.

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