Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once-seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals. A combined Honda and Nissan would create a $54 billion company with an annual output of 7.4 million vehicles, making it the world's third-largest auto group by vehicle sales after Toyota and Volkswagen.
The two firms already forged a strategic partnership in March to cooperate in electric vehicle development, but Nissan's deepening financial and strategic trouble in recent months has added more urgency for closer cooperation with larger rival Honda. Nissan announced a $2.6 billion cost savings plan last month that include
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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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Honda and Nissan Explore Merger to Rival ToyotaHonda Motor Co. and Nissan Motor Co. are in talks to merge, potentially creating a formidable competitor to Toyota Motor Corp. in Japan and globally. The proposed merger, still in preliminary stages, could involve a new holding company, with Mitsubishi Motors Corp. possibly joining the alliance.
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Fed Decision Looms, Nasdaq Stumbles, Government Shutdown Nears, Nissan and Honda Explore MergerA confluence of events dominates the news cycle: the Federal Reserve's impending interest rate decision, the Nasdaq's longest losing streak in decades, the looming threat of a government shutdown, and potential merger talks between Nissan and Honda.
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Honda and Nissan Explore Possible MergerHonda and Nissan are in talks about a potential merger, which could see the two Japanese automakers combine forces to address recent challenges.
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Nissan and Honda Explore Closer Collaboration, Dismiss Merger RumorsNissan and Honda are in talks for closer collaboration, but deny merger reports. The news spurred a surge in Nissan's share price, while Honda's saw a dip. The discussions involve exploring joint ventures in electric vehicle technology and autonomous driving software.
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