Honda and Nissan Explore Possible Merger

Honda and Nissan are discussing a possible merger, potentially bringing together two Japanese automaking titans that have recently fallen on hard times. The companies said in a statement that they have been in talks, but they offered no details or timeframe for when a deal - if one should develop - may be completed. It's also not clear what shape the possible joint-venture could take. Nikkei first reported the news of a potential tie-up Tuesday.

'As announced in March, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other's strengths,' the companies said in a statement Tuesday. 'If there are any updates, we will inform our stakeholders at the appropriate time.' Honda and Nissan also confirmed to CNN that Mitsubishi is part of these preliminary talks, bringing a potential third major Japanese car manufacturer into the mix. Mitsubishi did not respond to requests for comment. In March, Honda and Nissan announced that they would partner on electric vehicles and in August said they would collaborate on battery technology. But they could benefit from deepening their ties as both have faced challenges this year. Both companies, like many non-Chinese automakers, have struggled in the once-promising China market, the world's largest market for cars. Chinese consumers had flocked to foreign brands but have largely shifted to domestic brands, which have better perceived value in the country. China's government has also provided incentives to help speed up customer adoption of electric vehicles and plug-in hybrids. Although both companies offer EVs and plug-ins - Nissan, in particular, was a pioneer in EV technology - Chinese brands like BYD have eclipsed their technology and are priced more cheapl

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.

Nissan and Honda Reportedly to Explore MergerReports suggest that Nissan and Honda are planning to enter merger negotiations to bolster their competitiveness in the evolving global automotive landscape.
Source: NBCNews - 🏆 10. / 86 Read more »

Honda and Nissan Explore Merger to Rival ToyotaHonda Motor Co. and Nissan Motor Co. are in talks to merge, potentially creating a formidable competitor to Toyota Motor Corp. in Japan and globally. The proposed merger, still in preliminary stages, could involve a new holding company, with Mitsubishi Motors Corp. possibly joining the alliance.
Source: mercnews - 🏆 88. / 68 Read more »

Honda and Nissan to Explore MergerThe Nikkei newspaper reported that Nissan and Honda are planning negotiations for a merger to enhance their competitiveness in the evolving automotive industry. The companies are considering a holding company structure and anticipate signing a memorandum of understanding soon. The report also suggests a potential future inclusion of Mitsubishi Motors, in which Nissan holds a significant stake, under the holding company.
Source: NBCDFW - 🏆 288. / 63 Read more »

Fed Decision Looms, Nasdaq Stumbles, Government Shutdown Nears, Nissan and Honda Explore MergerA confluence of events dominates the news cycle: the Federal Reserve's impending interest rate decision, the Nasdaq's longest losing streak in decades, the looming threat of a government shutdown, and potential merger talks between Nissan and Honda.
Source: CNBC - 🏆 12. / 72 Read more »

Honda, Nissan move to deepen ties, sources say, including possible mergerHonda, Nissan move to deepen ties, sources say, including possible merger
Source: Investingcom - 🏆 450. / 53 Read more »