Honda and Nissan officially begin merger talks to create world's third-largest automaker
Publishing timestamp: 2024-12-23 11:54:24
Summary
Honda and Nissan are in talks to merge and create the world's third-largest automaker by sales. The deal, if approved, would create a merged group with potential revenue of 30 trillion yen and operating profit of more than 3 trillion yen. Discussions are set to conclude in June 2025, with Nissan's strategic partner, Mitsubishi, having the chance to join the new group. The potential tie-up is seen as a response to financial underperformance at Nissan and the need for industry consolidation in the face of intense global competition in the EV market.
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Keywords: toyota motor corp, business, honda motor co ltd, autos, nissan motor co ltd, breaking news: asia, asia economy, volkswagen ag, business news, renault sa,
Source: https://www.cnbc.com/2024/12/23/honda-and-nissan-merger-talks.html