Nissan shares surged 22% while Honda Motor stock slipped following media reports that the two Japanese automakers were potentially considering a merger.
According to a report in the Nikkei newspaper, Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding.Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to a report in the. They also look to eventually bring Mitsubishi Motors, in which Nissan is the top shareholder with a 24% stake, under the holding company, according to the report.
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 The merger report follows the two Japanese automakers entering into a strategic partnership earlier this year on shared automotive components and software.Such a tie-up would be the largest automotive industry merger since Fiat Chrysler joined with France-based PSA Groupe to formJapan's Honda and Nissan to reportedly begin merger talks
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Honda and Nissan Reportedly in Merger Talks Amid EV CompetitionJapanese media reports suggest Honda and Nissan are merging, aiming to strengthen their position against major electric vehicle players like Tesla and BYD. While both companies have denied the merger claims, they acknowledged exploring collaboration opportunities.
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Honda and Nissan Reportedly in Merger TalksJapanese automakers Honda and Nissan are exploring the possibility of a merger to strengthen their position in the competitive automotive market.
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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.
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Honda and Nissan in Merger Talks to Boost CompetitionNissan and Honda are reportedly in talks to merge, aiming to strengthen their position in the fiercely competitive automotive industry. The potential merger, which could involve a holding company structure, would be the largest in the industry since Fiat Chrysler and PSA Groupe united.
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Japan's Honda and Nissan to reportedly begin merger talksNissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported.
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Honda and Nissan Reportedly in Merger Talks to Compete with TeslaJapanese 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.
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