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Nissan, Honda announce plans to consider merger
Fox Business· 2024-12-23 10:30
Core Viewpoint - Honda and Nissan are considering a merger to create the world's third-largest automaker, aiming for combined sales of $191 billion and an operating profit exceeding $19 billion [1][8]. Group 1: Merger Details - The merger would position the new entity as the third-largest auto group globally by vehicle sales, following Toyota and Volkswagen [3]. - The companies plan to finalize negotiations by June 2025 and establish a holding company by August 2026, at which point both companies' shares will be delisted [9]. - The majority of the holding company's board will be appointed by Honda [12]. Group 2: Strategic Rationale - Both automakers are facing challenges in competing with leading electric vehicle manufacturers like Tesla and BYD [2]. - Honda and Nissan are exploring ways to enhance their partnership, including collaboration on electrification and vehicle intelligence, as well as joint research on next-generation software-defined vehicle platforms [6]. - The merger is seen as a way to combine the strengths of both companies to create new mobility value and address environmental challenges in the auto industry [11]. Group 3: Leadership Statements - Nissan's CEO, Makoto Uchida, emphasized the potential for the merger to deliver unparalleled value to customers by uniting the strengths of both brands [4]. - Honda's Director, Toshihiro Mibe, highlighted the importance of combining resources, knowledge, and technologies to navigate the evolving automotive landscape [11]. Group 4: Market Position - Honda has a market capitalization exceeding $40 billion, while Nissan is valued at approximately $10 billion, making this merger significant in terms of market impact [10]. - The merger discussions also include expanding collaboration to Mitsubishi Motors [13].
Nissan and Honda officially enter merger talks to take on Tesla and create the world's 3rd largest car company
Business Insider· 2024-12-23 09:12
Nissan and Honda have announced they are beginning merger talks.A third Japanese automaker, Mitsubishi, will also participate in the discussions.The companies hope a merger could help them take on Tesla and Chinese EV makers, Nikkei previously reported.Nissan and Honda, two of Japan's largest car companies, have announced that they are beginning merger talks.Advertisement The two automakers have agreed to proceed with discussions to build a "strategic partnership focused on intelligence and electrification ...
Nissan, Honda expected to announce plans to merge, creating world's No. 3 automaker
New York Post· 2024-12-23 08:47
Japanese automakers Honda and Nissan have announced plans to join forces, forming the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses.“We anticipate that if this integration comes to fruition, we will be able to deliver even greater ...
Former Nissan CEO Carlos Ghosn calls the Nissan-Honda merger plan a 'desperate move'
Business Insider· 2024-12-23 03:41
Nissan and Honda are reportedly considering a merger.But former Nissan CEO Carlos Ghosn said the move suggests that Nissan is in "panic mode.""There is practically no complementarity between the two companies," Ghosn told Bloomberg on Friday.The potential merger between Japanese automakers Nissan and Honda is a "desperate move," said Carlos Ghosn, Nissan's former CEO.Advertisement On Tuesday, Japanese newspaper Nikkei said the two companies are entering into merger negotiations.Pooling their resources woul ...
世界第三大车企即将被迫诞生
投资界· 2024-12-23 03:28
以下文章来源于巨潮东北亚 ,作者老鱼儿 巨潮东北亚 . 向北开放第一新媒 本田+日产+三菱。 作者 | 老鱼儿 编辑 | 夏秋春 来源 | 巨潮东北亚 (ID:juchaoDBY) 新能源汽车扇起的翅膀,终于在传统车商的地盘上刮起了更加猛烈的旋风。 根据日经中文网的报道,本田与日产汽车将就业务整合展开磋商,将就成立控股公司并 将两家企业纳入旗下的方向推进协调。根据目前的口径,本田和日产将于近期签署谅解 备忘录(MOU),今后将确定控股公司的持股比例等详细内容。 报道中还提到,本田和日产从3月就开始探讨合作事宜,8月开展全面业务合作——这是 一次接近一年时间的长时间讨论,双方就车载软件及零部件的通用化等进行了协商。并 且,由于日产同时也是三菱汽车的最大股东,三菱汽车也表明了加入本田和日产联盟、 开展合作的方针。 根据公开的数据, 这三家车企在全球的整体销量超过800万辆。如果三家企业统合,将 超过现代汽车起亚,成为世界第三大汽车集团。 世界第三的名号非常炫目,不过这样的合作在如今的产业形势下,很难称得上是强强联 合,更像是抱团取暖。 数据显示,日本的8大车企2024年上半年度(4月至9月)全球产量为1187.8 ...
Nissan to curb DEI policies after ‘productive conversations' with anti-woke activist Robby Starbuck
New York Post· 2024-12-19 15:40
Nissan Motor will be rolling back its diversity initiatives after speaking with conservative activist Robby Starbuck – who previously led successful boycotts against major companies like Walmart and Tractor Supply forcing them to cut their DEI programs.The Japan-based automaker’s Americas unit will stop funding Pride events and cancel its hiring and promotion quotas for diverse applicants, according to Starbuck.Nissan’s staff training will focus on its business agenda, eradicating DEI and LGBTQ training req ...
Why Nissan and Toyota Popped Today, but Honda Motor Dropped
The Motley Fool· 2024-12-18 20:16
One of these companies looks like a pretty attractive investment whether a merger deal happens or not.There were big things happening in Japan on Wednesday as news of a potential merger by Nissan Motor  (NSANY 17.98%) and Honda Motor (HMC -4.00%) sent Nissan shares up by 18.5% through 2:25 p.m., but pushed Honda stock down by 3.3%. Meanwhile, investors in one automaker that these two would be teaming up to compete with, Toyota Motor (TM 1.54%), aren't one bit worried.Toyota stock was up 2.6%.United against ...
Nissan Stock Jumps as Investors Eye Possibility of Honda Deal
Investopedia· 2024-12-18 15:50
Key TakeawaysNissan and Honda acknowledged they are mulling a potential merger, according to a statement from Nissan and media reports Wednesday. Foxconn is also reportedly interested in a Nissan stake. Nissan shares soared nearly 24% in Tokyo, and Honda's dipped.The manufacturers have been exploring how to collaborate for months, but said no decisions, including on a merger, have been made. Honda and Nissan have acknowledged the possibility of a merger, driving an active trading session in Tokyo for the J ...
Nissan Shares Surge 23% After Reports Of Merger Talks With Honda
Forbes· 2024-12-18 05:59
ToplineNissan Motor’s shares surged sharply on Wednesday morning after reports emerged that the company had initiated talks for a merger with fellow Japanese carmaker Honda, in a move that intended to help Nissan wade through an ongoing crisis and reportedly allow the Japanese companies to compete better against electric vehicle rivals from China and Tesla.Makoto Uchida president and CEO of Nissan, shakes hands with Toshihiro Mibe director, president and ... [+] representative executive officer of Honda, af ...
Hang Seng Index: Beijing Stimulus Lifts Tech and Auto Stocks: Nissan Motors Jumps 17%
FX Empire· 2024-12-18 04:36
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