Honda and Nissan are poised to set out more details on Monday of plans for the biggest domestic merger in Japanese automotive history, which would create the world’s third-biggest carmaker by sales and fortify both companies against the rise of Chinese competitors. The number-two and number-three Japanese carmakers, aim to hammer out the merger’s full details by June 2025 and complete it the following year, according to two people close to the companies.
METI minister Yoji Muto said last week that in general he took a “positive view on co-operation between companies aimed at strengthening competitiveness” and business restructuring was “one effective means of improving corporate value and creating innovation”. The combined group, were it to include Mitsubishi, would rank behind domestic rival Toyota and Germany’s Volkswagen in terms of annual vehicle sales, at more than 8mn units.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nissan-Honda Merger Talks and the Value of Market PredictionsThis article discusses the merger talks between Nissan and Honda, highlighting the motivations behind such moves in the global automotive industry. It then delves into the practice of making market predictions, arguing that despite the inherent difficulty in accurately forecasting market movements, engaging in prediction exercises can be valuable for testing assumptions, deepening understanding, and fostering learning.
Source: ftenergy - 🏆 47. / 63 Read more »
Nissan and Honda hold talks about a merger of the two carmakersThe Japanese companies are grappling with fast-growing Chinese rivals and sluggish consumer demand for EVs
Source: FT - 🏆 113. / 51 Read more »
Honda and Nissan in Merger Talks to Combat Electric Car Market ChallengesJapanese car giants Honda and Nissan are exploring a potential merger to bolster their competitiveness in the electric vehicle market. Facing intense pressure from Chinese and American rivals, the companies aim to combine resources and expertise to navigate the industry's rapid transformation.
Source: DailyMailUK - 🏆 7. / 90 Read more »
Nissan and Honda in Merger TalksNissan and Honda are exploring a possible merger to create a $52 billion Japanese automotive giant. The talks aim to bolster their competitiveness against rising Chinese electric vehicle manufacturers and slow EV demand. Concerns exist about potential job losses and political backlash in Japan. Both companies are facing financial challenges with Nissan undergoing a turnaround plan and Honda seeking to navigate uncertainties in the wake of Donald Trump's return as US president.
Source: ftenergy - 🏆 47. / 63 Read more »
Honda and Nissan in Merger Talks to Combat Electric Car CompetitionFacing pressure from Chinese and American EV manufacturers, Honda and Nissan are exploring a merger to bolster their position in the electric vehicle market. The potential deal, which may also involve Mitsubishi Motors, is in early stages but could result in a combined company worth £41 billion.
Source: DailyMailUK - 🏆 7. / 90 Read more »
Honda and Nissan Merger Talks: Japan's Wake-Up Call for ConsolidationTalks between Honda and Nissan, potentially forming the world's third-largest automaker, signal a critical moment for Japan's corporate landscape. Amidst global competition, economic uncertainty, and pressure from investors, a merger could be the key to survival for both companies and the broader Japanese industry.
Source: FT - 🏆 113. / 51 Read more »