Honda and Nissan Reportedly in Merger Talks to Compete with Tesla

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Business समाचार

Merger,Automotive Industry,Electric Vehicles

Japanese automakers Honda Motor and Nissan Motor are reportedly in talks to merge to better compete with Tesla and other electric vehicle makers. The Nikkei financial newspaper reports that the companies are considering operating under a single holding company and are expected to sign a memorandum of understanding soon. The paper also suggests that Mitsubishi Motors, of which Nissan is the top shareholder, could be brought under the new entity to create one of the world's largest auto groups.

Japanese automakers Honda Motor and Nissan Motor are reportedly entering merger talks to help them compete against Tesla and other electric vehicle makers, according to the Nikkei financial newspaper.The two firms are considering operating under a single holding company, and are expected to sign a memorandum of understanding for the new entity, according to the Tokyo-based Nikkei.

In March, Japan's number two and three automakers, after rival Toyota, deepened ties when they agreed to explore a strategic partnership on electric vehicles.Analysts characterized the move as one that is aimed at helping the automakers catch up with Chinese competitors, including BYD, which have captured more market share, while Japanese firms have lost ground by focusing more on hybrid vehicles.

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Honda and Nissan reportedly open merger talksWill Shanklin has been writing about gadgets, tech and their impact on humanity since 2011. Before joining Engadget, he spent five years creating and leading the mobile technology section for New Atlas. His work has also appeared on SlashGear, TechRadar, Digital Trends, AppleInsider, Android Central, HuffPost and others.
स्रोत: engadget - 🏆 276. / 63 और पढो »

Nissan and Honda Reportedly to Explore MergerReports suggest that Nissan and Honda are planning to enter merger negotiations to bolster their competitiveness in the evolving global automotive landscape.
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