Official announcements from Honda or Nissan; major business news outlets

Honda and Nissan Set to Announce Merger Talks, Aim for June 2025 Agreement with Mitsubishi Involvement

Dec 22, 2024, 09:09 PM

Honda Motor Co. and Nissan Motor Co. are set to announce the initiation of formal discussions regarding a potential merger, as they aim to navigate challenges posed by the evolving automotive industry, particularly competition from Chinese manufacturers. The two companies are expected to report to government officials today, with an objective to reach a final agreement by June 2025. In addition to discussing a merger, Honda and Nissan are considering mutual production of vehicles at each other's factories, which could enhance their operational efficiencies. Mitsubishi Motors, which is under Nissan's ownership, is also expected to join these discussions in the near future. The backdrop for these talks includes the need for significant investments in electric vehicle (EV) and autonomous driving technologies, as both firms seek to bolster their competitive positions in a rapidly changing market landscape.