3 6 Ke·2025-11-14 05:53Core Insights - Nissan's President, Ivan Espinosa, indicated discussions with Honda regarding joint vehicle and powertrain development in the U.S. market, amidst increasing tariffs and a challenging market environment [2][3] - Both companies are motivated by a sense of urgency due to Nissan's underperformance in the North American market and Honda's recent losses in its automotive business [3] - Espinosa emphasized the potential benefits of collaboration, including improved competitiveness and the possibility of alleviating tariff impacts [3][4] Group 1: Joint Development and Market Conditions - Nissan and Honda are exploring the possibility of collaborating on vehicle and powertrain development, although specific vehicle types (EV or HV) have not been disclosed [2] - The collaboration is driven by the need to enhance competitiveness in the U.S. market, where high tariffs and a challenging business environment have been noted [2][3] - Honda acknowledged ongoing discussions about various cooperation possibilities, but no definitive agreements have been reached yet [3] Group 2: Financial and Operational Strategies - Nissan has faced challenges in launching popular hybrid vehicles in North America, leading to poor sales performance [3] - Both companies are under pressure to improve cost competitiveness, particularly in the electric vehicle segment, as Honda reported losses in its automotive business during the April to September 2025 period [3] - Espinosa mentioned that Nissan is considering various options, including potentially producing pickup trucks for Honda at underutilized U.S. factories [3][4] Group 3: Capital Cooperation and Restructuring - Previous attempts at business consolidation between Nissan and Honda failed due to a lack of trust, and there are currently no discussions regarding capital cooperation [4] - Nissan is also reassessing its capital relationship with Renault, with plans to reduce mutual investment obligations from 15% to 10% by 2025 [5] - The company is undergoing significant restructuring, including a global workforce reduction of 20,000 and the closure of seven factories, with Espinosa affirming that factory reductions will proceed as planned [5]