Honda and Nissan expected to begin merger talks
2 weeks, 5 days ago

Honda and Nissan expected to begin merger talks

Deccan Chronicle  

TOKYO: Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants catch up with Chinese rivals and Tesla on electric vehicles. Honda and Nissan -- Japan's number two and three automakers after Toyota -- are aiming to finalise a merger deal in June 2025, several media outlets said. Mitsubishi Motors, which could join the new holding company early next year, is also expected to take part in Monday's announcement, after Honda and Nissan hold board meetings. Honda and Nissan's partnership could include a manufacturing tie-up where they build vehicles at each other's plants, Kyodo said, citing sources close to the matter. Debt-laden Nissan last month announced thousands of job cuts as it reported a 93 percent plunge in first-half net profit, making a merger with Honda welcome news.

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