Japan's Honda and Nissan to reportedly begin merger talks

Nissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported on Tuesday.

Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to the report. U.S.-traded shares of Honda were up roughly 2% during midday trading Tuesday. Over-the-counter shares of Nissan jumped more than 11%.reportedly plan to enter into negotiations for a merger to better compete in the rapidly changing global automotive industry, theHonda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to the report.

The merger report follows the two Japanese automakers entering into a strategic partnership earlier this year on shared automotive components and software. Such a tie-up would be the largest automotive industry merger since Fiat Chrysler joined with France-based PSA Groupe to formincrease in mergers and acquisitions

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

Honda and Nissan in Merger Talks to Boost CompetitionNissan and Honda are reportedly in talks to merge, aiming to strengthen their position in the fiercely competitive automotive industry. The potential merger, which could involve a holding company structure, would be the largest in the industry since Fiat Chrysler and PSA Groupe united.
Source: CNBC - 🏆 12. / 72 Read more »

Nissan and Honda in Merger Talks to Bolster Global Automotive PresenceNissan and Honda are reportedly in discussions for a potential merger, aiming to strengthen their position in the evolving automotive landscape. The Nikkei reports that both companies are exploring a holding company structure and plan to sign a memorandum of understanding soon.
Source: NBCLA - 🏆 319. / 59 Read more »

Asia stocks fall after Trump threatens tariffs, Japan's Nikkei leads lossesAsia stocks fall after Trump threatens tariffs, Japan's Nikkei leads losses
Source: Investingcom - 🏆 450. / 53 Read more »

Honda and Nissan Reportedly to Discuss MergerJapanese automakers Honda and Nissan are considering a merger to better compete in the global automotive industry. The proposed merger would involve the creation of a holding company, with the potential inclusion of Mitsubishi Motors.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »