Honda and Nissan Merger Talks Could Start as Early as Next Week

The world was a bit shocked when news of a potential merger between Honda and Nissan was dropped. But the bigger question that crossed many minds was, 'Why?' We know Nissan has been in some financial trouble lately, but for Honda to consider throwing it such a lifeline is perplexing. However, new reports indicate that Honda could be a bulwark between Nissan and a potential hostile takeover. Welcome back to Critical Materials, your daily roundup for all things electric and automotive tech.

Today, we're chatting about Honda and Nissan's merger talks potentially entering the negotiation phase as early as next week, plus Canoo furloughs even more workers, and Subaru's secret weapon: hybrids. Let's jump in. 30%: Honda and Nissan Merger Talks Could Start As Early As Next Week Photo by: Nissan The rumors have been circulating all week: industry big-wig Honda and troubled Nissan could be in talks for one of the most unexpected mergers in recent years. While critics remained skeptical of initial reports, Bloomberg confirmed that higher-ups at both companies have been in talks over a deal, and perhaps an even bigger shocker, it could spill over to become a triumvirate that includes Mitsubishi as well. These types of deals typically move at the speed of molasses. So it should come as a surprise that a new report from Nikkei Asia, the publication that originally reported initial talks of a merger, says that formal negotiations could begin as early as next week on Dec. 23. Make no mistake—this marriage isn't really one of convenience. Honda has been working to pivot its focus to electrification for some time. Following a dissolved partnership with General Motors, Honda joined forces with Nissan (and then Mitsubishi) to form a technical partnership to accelerate the development of EV-related tech. So what's the rush in speeding up negotiations? For starters, Nissan has a time clock runnin

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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.
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