Nissan and Honda in Talks for Closer Collaboration, Merger Rumors Swirl

Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared nearly 24% in Tokyo after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group. Honda’s share price fell as much as 3%. Nissan alliance member Mitsubishi Motors Corp. is also part of the talks.

Trading in Nissan’s shares was suspended but then resumed after the companies jointly issued a statement saying they were “considering various possibilities for future collaboration, but no decisions have been made.” This news is rattling the industry at a time when manufacturers are struggling to shift from fossil fuel-driven vehicles to electrics. Relatively inexpensive EVs from China’s Great Wall and Nio are eating into the market shares of U.S. and Japanese car companies in China and elsewhere. Japanese automakers have lagged behind big rivals in EVs and are now trying to cut costs and make up for lost time. A preliminary agreement between Honda, Japan’s second-largest automaker, and Nissan, third largest, was announced in March. Joining forces would help the smaller Japanese automakers add scale to compete with Japan’s market leader Toyota Motor Corp. and with Germany’s Volkswagen AG. Toyota itself has technology partnerships with Japan’s Mazda Motor Corp. and Subaru Corp

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Nissan and Honda in Talks for Closer Collaboration, Merger Rumors DeniedJapanese automakers Nissan and Honda confirmed discussions for closer collaboration, but denied reports of a merger. While no decisions have been made, the automakers are 'considering various possibilities for future collaboration.' The talks involve Mitsubishi Motors Corp., another member of the Nissan alliance. The news comes amidst rising competition from Chinese automakers in the electric vehicle market and a push for industry consolidation.
Источник: cbsaustin - 🏆 595. / 51 Прочитайте больше »

Nissan, Honda Confirm Talks on Closer Collaboration but Not a MergerNissan and Honda are exploring deeper ties but haven't agreed to a merger. The news sent Nissan's stock soaring while Honda's dipped. Both companies emphasized that no final decisions have been made.
Источник: CBS21NEWS - 🏆 304. / 63 Прочитайте больше »

Nissan and Honda in Talks for Closer Collaboration, Not a MergerNissan and Honda are discussing closer collaboration but deny merger reports. The companies aim to expand EV production and software development to compete with Chinese automakers and global giants.
Источник: 10News - 🏆 732. / 50 Прочитайте больше »

Nissan, Honda in Talks for Closer Collaboration, Merger Rumors SwirlJapanese automakers Nissan and Honda are exploring closer collaboration, but denied merger reports after Nissan's stock surged. The talks involve Mitsubishi Motors as well.
Источник: mynbc15 - 🏆 262. / 63 Прочитайте больше »

Nissan and Honda in Talks for Closer Collaboration, Merger Not ConfirmedJapanese automakers Nissan and Honda have confirmed discussions for closer collaboration but denied reports of a merger. Reports suggested a potential merger to form the world's third-largest automaker, leading to a surge in Nissan's share price and a decline in Honda's. The companies stated they are 'considering various possibilities' but no decisions have been made. Mitsubishi Motors, a Nissan alliance member, is also involved in the talks.
Источник: 13WHAM - 🏆 256. / 63 Прочитайте больше »

Nissan and Honda Discuss Closer Collaboration, Merger Rumors SwirlNissan and Honda are in talks for closer collaboration, including a possible merger, to better compete with Chinese automakers and the shift towards electric vehicles.
Источник: wsyx6 - 🏆 444. / 53 Прочитайте больше »