Reported 3 days ago
Nissan's shares skyrocketed by nearly 24% in Tokyo following announcements of possible merger discussions with Honda, which saw its stock decline about 3%. Both companies have been exploring collaborative opportunities, indicating a major shift in the automotive industry. Reports have also surfaced that Taiwan's Foxconn is interested in acquiring a stake in Nissan. Analysts view this potential merger as a necessary step towards consolidation in the evolving electric vehicle market.
Source: YAHOO