Honda and Nissan in talks to merge by June 2025 to become third-largest automaker

From Investing.com: 2024-12-22 20:05:46

Honda Motor Co Ltd and Nissan Motor Co., Ltd are in talks to finalize a merger agreement by June 2025, aiming to become the third-largest automaker in the world. Mitsubishi Motors Corp, in which Nissan is the biggest shareholder, is also considering joining the merger.

Both Honda and Nissan are facing challenges in overseas markets, particularly in China, due to growing demand for electric vehicles and a price war in the EV market. Softening demand in the U.S. and Europe has also impacted sales.

Shares of Honda, Nissan, and Mitsubishi rose between 1.3% and 3% following the news of the potential merger, with Nissan’s shares seeing a significant rally after the initial reports emerged.



Read more at Investing.com: Honda, Nissan aim to finalize merger terms by June- NHK By Investing.com