Nissan Motor and Honda Motor are considering a merger that is likely to include Mitsubishi Motors to compete in the growing electric vehicle market. The Japanese publication Nikkei reported that both companies are considering operating under a holding company and will soon sign a memorandum of understanding. However, their stakes in the newly formed entity are yet to be decided. Both automakers face increasing pressure to compete in the EV market, with sales decreasing across China and the U.
S. as Tesla and Chinese automaker BYD have rapidly expanded their production and sales growth. A merger between Nissan and Honda would likely be the largest in the automotive industry since a $52 billion deal between Fiat Chrysler and PSA Groupe in January 2021 to form Stellantis. In August, the three companies agreed to share automotive components and software. That deal was intended to have the three companies cooperate on their electric vehicle businesses while agreeing to develop batteries, axles and other technologies. In November, Nissan said its half-year net earnings had fallen more than 90% over the previous year while cutting its annual operating profit guidance by nearly 70%. Both automakers have struggled to sell vehicles across China and Southeast Asia, with Honda’s and Nissan’s sales volume between January and November dropping by 30.7% and 10.5%, respectively, in the regions
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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 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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Honda and Nissan Reportedly to Discuss MergerJapanese automakers Honda and Nissan are considering a merger to better compete in the global automotive industry. The proposed merger would involve the creation of a holding company, with the potential inclusion of Mitsubishi Motors.
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Nissan and Honda in Merger Talks to Bolster Global Automotive PresenceNissan and Honda are reportedly in discussions for a potential merger, aiming to strengthen their position in the evolving automotive landscape. The Nikkei reports that both companies are exploring a holding company structure and plan to sign a memorandum of understanding soon.
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