Nissan, Honda Shares React to Merger Speculation

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.

In a statement, Nissan said media reports that it is"considering a business integration" with Honda are not based on an announcement from our company. Nissan said it is considering various possibilities for future collaboration with Honda and Mitsubishi, but no decisions have been made. 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 formFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklychicago news

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Nissan shares surge 22% after media reports on potential merger with HondaNissan Motor shares surged Wednesday following a media report that the Japanese automaker is looking to merge with Honda.
Bron: nbcchicago - 🏆 545. / 51 Lees verder »

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.
Bron: FoxBusiness - 🏆 458. / 53 Lees verder »

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.
Bron: nbcchicago - 🏆 545. / 51 Lees verder »

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.
Bron: engadget - 🏆 276. / 63 Lees verder »

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »

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.
Bron: nbcsandiego - 🏆 524. / 51 Lees verder »