News Formal

Nissan and Honda Explore Merger to Counter Chinese Rivals

  • 📰 KPBSnews
  • ⏱ Reading Time:
  • 53 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

Business News

Merger,Auto Industry,Electrification

Nissan and Honda are in talks to merge, aiming for completion by 2026. The potential deal, fueled by the need to compete in a rapidly changing automotive landscape, seeks to position the combined entity as the world's third-largest automaker. The move comes as both companies face challenges from the rise of Chinese electric vehicle manufacturers.

Nissan and Honda are in talks for a merger with the goal to complete it by 2026. It's yet another sign of the big changes hitting the auto sector.

Two massive forces are at play currently: The global auto industry is in the midst of a historic shift to electrification at the same time that the world's largest automakers are facing a formidable competitor in China.The emergence of Chinese automakers such as BYD and Nio has eroded the market share of global automakers such as Honda, Nissan and Volkswagen in China — a country they once counted as a critical market.

Nissan in particular has struggled recently, especially in the key American market, where sales have weakened. Last month, for example, the company said it was It's the main reason why analysts say Honda and Nissan are pursuing a merger. Mitsubishi, in which Nissan owns a sizable stake, would also be part of the alliance.The transition to electric globally is another force. While Tesla has led the EV market in the U.S., other companies are nipping at its heels.

It could allow them to pool their expertise and strengths. They could also benefit from more efficient production of vehicles.

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:

 /  🏆 240. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Carlos Ghosn Claims Japan Forced Honda Into ‘Desperate’ Nissan Merger TalksThe former chairman of Nissan criticized the potential Honda merger, calling it a desperate move lacking industrial logic or practical synergy
Source: Carscoop - 🏆 306. / 63 Read more »

Honda and Nissan Reportedly in Merger Talks Amid EV CompetitionJapanese media reports suggest Honda and Nissan are merging, aiming to strengthen their position against major electric vehicle players like Tesla and BYD. While both companies have denied the merger claims, they acknowledged exploring collaboration opportunities.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Honda and Nissan Reportedly in Merger TalksJapanese automakers Honda and Nissan are exploring the possibility of a merger to strengthen their position in the competitive automotive market.
Source: nbcchicago - 🏆 545. / 51 Read more »