Honda and Nissan Eye Merger Amidst EV Competition

Japanese automotive giants Honda and Nissan are reportedly considering a merger, according to a report by the Nikkei financial newspaper. The companies have previously announced plans to collaborate on developing electric vehicle platforms and batteries to compete in the growing EV market. Nikkei suggests the two firms might merge under a single holding company, potentially including Mitsubishi Motors, in which Nissan holds a 24% stake.

Nissan and Honda are Japan's second and third largest car manufacturers, selling nearly 7.5 million vehicles worldwide last year. Both companies have issued statements denying the merger report, saying they will inform stakeholders of any developments at an appropriate time. The companies' existing EV partnership hints at the potential benefits of a closer collaboration. Speaking about the EV collaboration, Nissan CEO Makoto Uchida highlighted the aggressive entry of new players into the market. A merger between these two companies could significantly impact the global automotive industry, particularly considering Nissan's long-standing alliance with French firm Renault. This isn't the first time merger talks have surfaced; in 2020, the Financial Times reported that then-Japanese Prime Minister Shinzo Abe had encouraged discussions due to concerns about the strained relationship between Nissan and Renault. However, both companies reportedly rejected those proposals at the time

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nissan and Honda Reportedly to Explore MergerReports suggest that Nissan and Honda are planning to enter merger negotiations to bolster their competitiveness in the evolving global automotive landscape.
مصدر: NBCNews - 🏆 10. / 86 اقرأ أكثر »

Honda and Nissan in Merger Talks to Combat EV CompetitionFacing pressure from Chinese EV manufacturers, Honda and Nissan are considering a merger to bolster their position in the electric vehicle market. The potential merger would involve creating a new holding company and could also include Mitsubishi.
مصدر: verge - 🏆 94. / 67 اقرأ أكثر »

Honda and Nissan Deny Merger Talks Amidst EV CompetitionHonda and Nissan have denied reports of merger talks by Nikkei, stating they are exploring various possibilities for future collaboration. The companies aim to leverage their strengths and will inform stakeholders of any updates. This comes amidst increasing competition from Chinese EV makers, pressuring legacy brands to prioritize profitability in their EV ventures.
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Nissan and Honda in Merger Talks to Bolster Global Automotive PresenceNissan and Honda are reportedly in discussions for a potential merger, aiming to strengthen their position in the evolving automotive landscape. The Nikkei reports that both companies are exploring a holding company structure and plan to sign a memorandum of understanding soon.
مصدر: NBCLA - 🏆 319. / 59 اقرأ أكثر »

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.
مصدر: nbcsandiego - 🏆 524. / 51 اقرأ أكثر »

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.
مصدر: nbcchicago - 🏆 545. / 51 اقرأ أكثر »