Japanese automakers Honda and Nissan have announced plans to work towards a merger that would form the world's third-largest automaker by sales. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.
Automakers in Japan have lagged behind their big rivals in electric vehicles and are trying to cut costs and make up for lost time as newcomers like China's BYD and EV market leader Tesla devour market share. Honda's president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company. Honda will lead the new management, retaining the principles and brands of each company. They aim to have a formal merger agreement by June and to complete the deal and list the holding company on the Tokyo Stock Exchange by August 2026. There are 'points that need to be studied and discussed,' he said. 'Frankly speaking, the possibility of this not being implemented is not zero.' A merger could result in a behemoth worth more than US$50 billion based on the market capitalization of all three automakers. Together, Honda, Nissan and Mitsubishi would gain scale to compete with Toyota Motor Corp. and with Germany's Volkswagen AG. Toyota has technology partnerships with Japan's Mazda Motor Corp. and Subaru Corp. News of a possible merger surfaced earlier this month, with unconfirmed reports saying Taiwan iPhone maker Foxconn was seeking to tie up with Nissan by buying shares from the Japan's company's other alliance partner, Renault SA of France
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Nissan and Honda to attempt a merger that would create the world's No. 3 automakerTOKYO (AP) — 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.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »
Nissan, Honda Deny Merger Talks, But Confirm CollaborationNissan and Honda stocks reacted sharply after reports of a potential merger. While both companies denied a merger decision, they confirmed discussions for closer collaboration. The move is seen as a strategic response to the growing dominance of Chinese automakers in the electric vehicle market.
출처: CP24 - 🏆 30. / 67 더 많은 것을 읽으십시오 »
Nissan, Honda Denying Merger Rumors, Exploring Closer CollaborationNissan and Honda are in talks about closer collaboration, but deny reports of a merger. The news sent Nissan's share price soaring while Honda's dipped. Mitsubishi Motors, a member of Nissan's alliance, is also involved in the discussions.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »
Honda and Nissan Reportedly Consider Merger to Combat Chinese AutomakersHonda and Nissan are exploring a merger to solidify their position against the rising dominance of Chinese automakers in the global electric vehicle market.
출처: CBCNews - 🏆 2. / 99 더 많은 것을 읽으십시오 »
Nissan, Honda mull merger to counter Chinese EV challengeNissan's share price surged after reports of a potential merger with Honda, forming the world's third-largest automaker. The companies confirmed discussions about future collaboration but denied any decisions. The move aims to counter the rise of Chinese electric vehicle makers like BYD and Nio, which are gaining market share globally. Nissan, Honda, and Mitsubishi have already announced plans to share EV components and collaborate on autonomous driving software.
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »
Nissan and Honda Deny Merger Reports, but Confirm Cooperation TalksNissan and Honda are in talks about closer collaboration, but have denied reports of a merger. The news sent Nissan's share price soaring while Honda's dipped. Mitsubishi Motors is also part of the discussions.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »