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Reading: Honda and Nissan Discuss Merger to Strengthen EV Market Position
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Honda Nissan Merger
PhotoNews Pakistan > Business > Honda and Nissan Discuss Merger to Strengthen EV Market Position
Business

Honda and Nissan Discuss Merger to Strengthen EV Market Position

Web Desk
By Web Desk Published December 18, 2024 1 Min Read
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Nissan Motor CEO Makoto Uchida (L) and Honda Motor CEO Toshihiro Mibe (R). Photo Credits: CNN Business
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Honda Motor and Nissan Motor are preparing to discuss a merger to strengthen their global electric vehicle market position.

Honda Motor Co. and Nissan Motor Co. are preparing to start negotiations on a possible merger. The deal ultimately be expanded to include Mitsubishi Motors Co.. https://t.co/9HF6Q4qq4k pic.twitter.com/wpOBAzudL4

— Automotive News (@Automotive_News) December 17, 2024

The companies aim to form a single holding company and sign a memorandum of understanding soon.

This initiative responds to the intense competition from Chinese electric vehicle manufacturers, challenging established brands to remain profitable.

Honda and Nissan are preparing to start negotiations on a possible merger, which could ultimately be expanded to include Mitsubishi, Japan’s Nikkei reported https://t.co/dmN8QM918C

— Bloomberg (@business) December 17, 2024

Furthermore, Honda and Nissan intend to bring Mitsubishi Motors into this holding company. Nissan, holding a 24% stake in Mitsubishi, would help create one of the world’s largest auto groups.

Nissan Shares Surge 23% After Report Of Merger Talks With Hondahttps://t.co/VBGFVzVvFP pic.twitter.com/VOyqhFiaY6

— Forbes (@Forbes) December 18, 2024

Details about the stakes and other aspects of the new entity will be determined later, as mentioned in the report.

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