Nissan and Honda Discuss Collaboration, Denying Merger Rumors

Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared more than 22% after reports citing unnamed sources said it might merge with Honda to form the world’s third largest automaking group.

Trading in Nissan’s shares was suspended but then resumed after the companies issued a statement that said they were “considering various possibilities for future collaboration, but no decisions have been made.”Nissan has an alliance with Renault SA that is under review. It recently announced it was slashing its headcount by 9,000 and cutting its global production by a fifth due to weaker sales in China and the U.

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Honda and Nissan Reportedly to Discuss MergerJapanese automakers Honda and Nissan are considering a merger to better compete in the global automotive industry. The proposed merger would involve the creation of a holding company, with the potential inclusion of Mitsubishi Motors.
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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.
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