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VisitHonda and Nissan to Begin Merger Talks Monday to Form Third-Largest Automaker, Aiming to Compete with Tesla
Dec 18, 2024, 09:50 AM
Japanese auto giants Honda Motor Co. and Nissan Motor Co. are preparing to start merger negotiations as early as Monday, according to reports from sources such as Nikkei and Reuters. The merger aims to create a stronger entity to better compete against global electric vehicle makers like Tesla and Chinese manufacturers in the rapidly changing automobile industry. The potential deal may also include Mitsubishi Motors Co. and could create the world's third-largest automaker with an annual output of approximately 7.4 million vehicles, rivaling Toyota and Volkswagen in size. The companies are considering setting up a holding company under which the combined businesses would operate. The move is partly to counter the risk of an acquisition by Taiwan's Hon Hai Precision Industry, also known as Foxconn, which had approached Nissan. Honda CEO Toshihiro Mibe has said that the company is exploring a merger with Nissan.
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Markets
No • 50%
Yes • 50%
Corporate filings or official statements from Honda or Nissan
Yes • 50%
No • 50%
Official announcements from Mitsubishi Motors or confirmed reports from credible sources
Increase in R&D investment • 25%
No significant change • 25%
Price competition intensifies • 25%
Strategic alliances formed • 25%
Official statements or strategic changes announced by competitors like Toyota, Volkswagen, or Tesla
Becomes third-largest automaker • 25%
Remains below third-largest • 25%
Fails to merge • 25%
Becomes second-largest or larger • 25%
Global automotive industry reports and rankings from sources like IHS Markit or Statista
Merger modified to include other partners • 25%
Merger completed • 25%
Merger abandoned • 25%
Merger postponed • 25%
Official announcements from Honda, Nissan, or credible news reports