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Nissan Shares Soar as Honda Merger Rumors Spark Market Buzz

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Automotive Industry,Merger,Nissan

Nissan shares surged by 22% while Honda Motor stock dipped following reports that the two Japanese automakers are exploring a potential merger. The Nikkei newspaper reported that Honda and Nissan are considering operating under a holding company and plan to sign a memorandum of understanding soon. The report also suggests the eventual inclusion of Mitsubishi Motors, in which Nissan holds a significant stake, under the holding company. While Nissan has confirmed discussions regarding future collaborations, it denied any concrete decisions regarding a merger. A combined entity would boast over 8 million vehicle sales annually, solidifying its position as a global automotive powerhouse.

Nissan shares surged 22% while Honda Motor stock slipped following media reports that the two Japanese automakers were potentially considering a merger.

Makoto Uchida , president and CEO of Japanese auto maker Nissan, shakes hands with Toshihiro Mibe , director, president and representative executive officer of auto maker Honda, following a press conference in Tokyo on August 1, 2024.Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to a report in the.

The combined Nissan-Honda-Mitsubishi enterprise would equate to more than 8 million vehicle sales annually, according to Nikkei. That would place the company among the world's largest automakers, but still below fellow Japanese automaker

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