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 nearly 24% 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%. Nissan alliance member Mitsubishi Motors Corp. is also part of the talks.
Trading in Nissan's shares was suspended but then resumed after the companies jointly issued a statement saying they were 'considering various possibilities for future collaboration, but no decisions have been made.'The ascent of Chinese automakers is rattling the industry at a time when manufacturers are struggling to shift from fossil fuel-driven vehicles to electrics. Relatively inexpensive EVs from China's BYD, Great Wall and Nio are eating into the market shares of U.S. and Japanese car companies in China and elsewhere. Japanese automakers have lagged behind big rivals in EVs and are now trying to cut costs and make up for lost time. Nissan, Honda and Mitsubishi announced in August that they will share components for electric vehicles like batteries and jointly research software for autonomous driving to adapt better to dramatic changes in the auto industry centered around electrification. A preliminary agreement between Honda, Japan's second-largest automaker, and Nissan, third largest, was announced in March. A merger could result in a behemoth worth about $55 billion based on the market capitalization of all three automakers. Joining forces would help the smaller Japanese automakers add scale to compete with Japan's market leader Toyota Motor Corp. and with Germany's Volkswagen A
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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.
Fuente: Investingcom - 🏆 450. / 53 Leer más »
Nissan and Honda Deny Merger Rumors Despite Share FluctuationsNissan and Honda confirm discussions about closer collaboration but deny merger reports. While Nissan's share price surged after merger rumors, Honda's dipped. The news follows their August announcement to share EV components and jointly research autonomous driving software.
Fuente: ksatnews - 🏆 442. / 53 Leer más »
Nissan and Honda Discuss Closer Collaboration, Merger Rumors SwirlNissan and Honda are in talks for closer collaboration, including a possible merger, to better compete with Chinese automakers and the shift towards electric vehicles.
Fuente: wsyx6 - 🏆 444. / 53 Leer más »
Nissan and Honda in Talks for Closer Collaboration, Merger Rumors DeniedJapanese automakers Nissan and Honda confirmed discussions for closer collaboration, but denied reports of a merger. While no decisions have been made, the automakers are 'considering various possibilities for future collaboration.' The talks involve Mitsubishi Motors Corp., another member of the Nissan alliance. The news comes amidst rising competition from Chinese automakers in the electric vehicle market and a push for industry consolidation.
Fuente: cbsaustin - 🏆 595. / 51 Leer más »
Nissan, Honda in Talks for Closer Collaboration, Merger Rumors SwirlJapanese automakers Nissan and Honda are exploring closer collaboration, but denied merger reports after Nissan's stock surged. The talks involve Mitsubishi Motors as well.
Fuente: mynbc15 - 🏆 262. / 63 Leer más »
Fed Decision Looms, Nasdaq Stumbles, Government Shutdown Nears, Nissan and Honda Explore MergerA confluence of events dominates the news cycle: the Federal Reserve's impending interest rate decision, the Nasdaq's longest losing streak in decades, the looming threat of a government shutdown, and potential merger talks between Nissan and Honda.
Fuente: CNBC - 🏆 12. / 72 Leer más »