Honda and Nissan considering business integration talks with potential merger with Mitsubishi Motors

From Investing.com: 2024-12-22 19:00:56

Honda and Nissan are expected to announce the start of business integration talks, aiming to survive the changing auto industry landscape. A potential merger with Mitsubishi Motors could make them the world’s No. 3 auto group by sales, following Toyota and Volkswagen, in a deal that could reshape the industry.

Amidst challenges from Tesla and Chinese rivals, Honda and Nissan are exploring ways to strengthen their partnership, including a joint holding company and collaboration on hybrid vehicles and car assembly. Nissan’s plan to cut jobs and production capacity follows a sales decline in key markets like China and the U.S.

Renault, Nissan’s largest shareholder, is open to a deal and is considering the implications of a tie-up. Taiwanese manufacturer Foxconn had shown interest in Nissan but paused after meeting with Renault in France. Discussions are ongoing as the auto industry continues to evolve.



Read more at Investing.com: Honda, Nissan set to announce launch of integration talks, media reports say By Reuters