Two Japanese auto giants, Nissan and Honda, have agreedThe companies announced the move in a statement on Monday after signing a memorandum of understanding to start discussions and considerations regarding a business integration and the establishment of a joint holding company.
The companies said the deal is expected to be finalised by June 2025, with the formation of the holding company slated for August 2026, at which point its shares will be listed, leading to the delisting of both Honda and Nissan.“To further accelerate their efforts toward achieving a carbon-neutral society and a zero-traffic-fatality society, Nissan and Honda signed an MOU
“If the business integration can be realized, both companies can aim to integrate their respective management resources such as knowledge, human resources, and technologies; create deeper synergies; enhance the ability to respond to market changes; and expect to improve mid- to long-term corporate value.
On his part, Toshihiro Mibe, director at Honda, said the deal marks the creation of new mobility value by bringing together the resources “including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing”.