Honda and Nissan Announce Merger Talks to Form Third-Largest Automaker

Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.

Honda’s president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company. Honda will lead the new management, retaining the principles and brands of each company. They aim to have a formal merger agreement by June and to complete the deal and list the holding company on the Tokyo Stock Exchange by August 2026, he said.There are “points that need to be studied and discussed,” he said. “Frankly speaking, the possibility of this not being implemented is not zero.” A merger could result in a behemoth worth more than $50 billion based on the market capitalization of all three automakers. Together, Honda, Nissan and Mitsubishi would gain scale to compete with Toyota Motor Corp. and with Germany’s Volkswagen AG.News of a possible merger surfaced earlier this month, with unconfirmed reports saying Taiwan iPhone maker Foxconn was seeking to tie up with Nissan by buying shares from the Japan’s company’s other alliance partner, Renault SA of Franc

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Nissan-Honda merger: Japanese automakers announce plans to mergeJapanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday.
La source: AP - 🏆 728. / 51 Lire la suite »

Nissan and Honda announce merger talks amid a rapidly changing global marketJapanese automakers Honda and Nissan have announced plans to work to a merger, forming the world's third-largest automaker by sales as the industry undergoes changes in its move from fossil fuels.
La source: KPBSnews - 🏆 240. / 63 Lire la suite »

Nissan and Honda announce merger talks amid a rapidly changing global marketJapanese automakers Honda and Nissan have announced plans to work to a merger, forming the world's third-largest automaker by sales as the industry undergoes changes in its move from fossil fuels.
La source: NPR - 🏆 96. / 63 Lire la suite »

Honda and Nissan Announce Merger Plans to Face EV CompetitionHonda and Nissan are merging to create the third-largest car manufacturer globally, aiming to compete with Tesla and BYD in the electric vehicle market. The merger will involve a joint holding company, leveraging the combined resources and technologies of both companies. The deal is expected to be finalized by August 2026, with Honda initially leading the management.
La source: verge - 🏆 94. / 67 Lire la suite »

Nissan, Honda announce merger plans, which would create world's No. 3 automakerNissan and Honda agreed to consider a merger and set up a joint holding company, which would create the world's third-largest automaker.
La source: fox5ny - 🏆 587. / 51 Lire la suite »