FILE - Nissan Chief Executive Makoto Uchida, left, and Honda President Toshihiro Mibe attend a joint news conference in Tokyo, Friday, March 15, 2024.
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."The ascent of Chinese automakers 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 BYD, Great Wall and Nio are eating into the market shares of U.S.
A merger could result in a behemoth worth about $55 billion based on the market capitalization of all three automakers. Fitch Ratings recently downgraded Nissan's credit outlook to "negative," citing worsening profitability, partly due to price cuts in the North American market. But it noted that it has a strong financial structure and solid cash reserves that amounted to 1.44 trillion yen .
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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.
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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.
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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.
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Renault shares rise 5% after reports of Nissan-Honda merger talks; European stocks mixedEuropean stocks were mixed Wednesday as investors awaited the latest monetary policy decision by the U.S. Federal Reserve.
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Honda and Nissan Reportedly in Merger TalksReports suggest that Honda and Nissan are exploring a potential merger, with plans to operate under a holding company and eventually include Mitsubishi Motors. Nissan has confirmed discussions are ongoing but emphasizes no decisions have been made.
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