Nissan nearing bankruptcy? Merger talks with Honda

[Melensdad]

Long rumored financial problems and Nissan due to lagging sales may lead to a merger with Honda.

Honda, Nissan allegedly planning to start merger talks in light of EV competition: report

Honda Motor and Nissan Motor are reportedly set to start negotiating a potential merger between their companies soon, according to Japanese media.

www.foxbusiness.com

FULL STORY AT LINK ^^^

Honda, Nissan allegedly planning to start merger talks in light of EV competition: report​

The two companies are facing tough competition from fellow EV makers​

Andrea MargolisDecember 17, 2024 5:43pm EST​

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Honda Motor and Nissan Motor are reportedly in the process of merging their companies and are set to start negotiations soon, according to Japanese media.​

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The news, which was first reported by the Nikkei newspaper on Tuesday, comes as both auto giants struggle to compete with the largest global electric vehicle (EV) makers, including Tesla and Chinese automaker BYD.​

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The merger plans have not been confirmed by either company. On Tuesday, both companies released identical statements tossing water on the reports.​

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"As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other's strengths," the companies said in separate statements.​

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Honda and Nissan are the second- and third-largest auto manufacturers in Japan, respectively, with Toyota leading them both.​

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The respective market capitalizations of Honda and Nissan are roughly 5.95 trillion yen ($38.8 billion) and 1.17 trillion yen ($7.6 billion).​

 

[m1west]

Wow,never would have thought they would be in financial trouble

 

[Melensdad]

And looks like talks of a merger are gone.

Nissan appears headed for the dust bin of manufacturing nameplates as bankruptcy edges closer and closer. Nissan says it will go alone and attempt a rejuvenation of the brand.

Oddly, Mitsubishi was also interested in joining HONDA and NISSAN into forming a holding company that would have owned NISSAN and shared technology.

https://www.newsmax.com/newsfront/honda-nissan-mitsubishi/2025/02/13/id/1198976/

Full story at link above ^^ NEWSMAX ^^

Honda, Nissan End Talks on $50B Merger Plan​

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Japanese automakers Honda, Nissan and Mitsubishi said Thursday they are ending talks on a $50 billion business integration plan.​

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Nissan Chief Executive Makoto Uchida said the talks had changed focus from setting up a joint holding company to making Nissan into a subsidiary of Honda.​

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“The intent was to join forces to win in the global competition, but this was not going to realize Nissan's potential, so I could not accept it,” he told reporters. He said that Nissan was going to aim for a turnaround without Honda instead.​

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Honda Chief Executive Toshihiro Mibe said in a separate news conference that Honda had suggested a stock swap to speed up decision-making.​

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“I am really disappointed,” Mibe told reporters. “I felt the potential was great, but I also knew actions that would bring pain were necessary to realize that." . . . ​