Reported 1 day ago
Honda Motor Co. and Nissan Motor Co. have initiated merger talks aimed at establishing a new holding company by August 2026. This strategic move seeks to enhance their competitive edge against rising challenges from Chinese automakers. Both companies will retain their brands as wholly owned subsidiaries, while Honda plans a significant share buyback. The partnership may also involve Mitsubishi Motors, owned partially by Nissan, which could bolster all three companies in the rapidly evolving automotive landscape, particularly in electric vehicles.
Source: YAHOO