Honda and Nissan Plan Merger to Form Third-Largest Automaker

  • 📰 theage
  • ⏱ Reading Time:
  • 49 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 77%

Business Nouvelles

Merger,Automotive,Electric Vehicles

Honda and Nissan have announced plans to merge, forming the world's third-largest automaker by sales. The companies aim to create a joint holding company to unify their operations, with Honda leading management. Mitsubishi Motors, a smaller Nissan alliance member, has also agreed to join the talks. The move comes as the auto industry faces significant changes in its transition away from fossil fuels, with Japanese automakers seeking to catch up with rivals like Tesla and BYD.

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.

A merger could result in a behemoth worth more than $US50 billion based on the market capitalisation of all three automakers. Together, Honda, Nissan and Mitsubishi would gain scale to compete with Toyota Motor and with Germany’s Volkswagen AG. Toyota has technology partnerships with Japan’s Mazda Motor and Subaru.

Nissan, Honda and Mitsubishi earlier agreed to share components for electric vehicles like batteries and to jointly research software for autonomous driving to adapt better to electrification. From Nissan, Honda could get truck-based body-on-frame large SUVs such as the Armada and Infiniti QX80 that Honda doesn’t have, with large towing capacities and good off-road performance, Sam Fiorani, vice president of AutoForecast Solutions, toldNissan also has years of experience building batteries and electric vehicles, and gas-electric hybrid powertrains that could help Honda in developing its own EVs and next generation of hybrids, he said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

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 and Honda announce merger plans to take on Toyota and VolkswagenA potential merger of Honda and Nissan, and its alliance partners Mitsubishi and Renault SA, could create a new manufacturer worth $79.9 billion, producing 8 million cars a year.
La source: abcnews - 🏆 5. / 83 Lire la suite »

Honda, Nissan plotting merger as EV competition rises7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
La source: 7NewsSydney - 🏆 16. / 63 Lire la suite »

Honda and Nissan to Explore Merger to Form Third-Largest AutomakerJapanese automakers Honda and Nissan have announced plans to merge, aiming to become the world's third-largest automaker. The move comes as the industry shifts towards electric vehicles and faces competition from newcomers. The merger talks also include Nissan's smaller alliance partner, Mitsubishi Motors. Discussions are ongoing, and a formal agreement is expected by June, with a potential listing on the Tokyo Stock Exchange by August 2026.
La source: smh - 🏆 6. / 80 Lire la suite »

Honda and Nissan Mull Merger, Potentially Including MitsubishiHonda and Nissan are reportedly in talks to merge, with Mitsubishi potentially joining the alliance. This deal would solidify the Japanese auto industry and create a formidable competitor to Toyota.
La source: brisbanetimes - 🏆 13. / 67 Lire la suite »

Honda and Nissan Eye Merger to Rival ToyotaHonda and Nissan are in talks to merge, potentially including Mitsubishi, forming a powerful rival to Toyota and reshaping the Japanese auto industry. This move would bolster their global competitiveness against larger automakers.
La source: smh - 🏆 6. / 80 Lire la suite »