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Honda and Nissan Deny Reports of Merger Talks Including Mitsubishi Amid EV Competition
Dec 17, 2024, 05:41 PM
Honda Motor Co. and Nissan Motor Co. are reportedly preparing to enter negotiations toward a possible merger, according to Japan's Nikkei. The potential merger aims to combine resources to better compete against Tesla and Chinese electric vehicle manufacturers in a rapidly changing automobile industry. The plan may include integrating Mitsubishi Motors, in which Nissan holds a 24% stake, potentially forming the world's largest automotive group. The move comes as the companies face declining sales and production cuts. However, Nissan and Honda have stated that the content of the report is not something that has been announced by either company.
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Honda • 33%
Nissan • 33%
Mitsubishi • 33%
Tie • 1%
Yes • 50%
No • 50%
Tesla • 25%
BYD • 25%
Volkswagen • 25%
Toyota • 25%
Hyundai • 25%
BYD • 25%
Toyota • 25%
Other • 25%
3rd largest • 25%
4th largest • 25%
5th largest or lower • 25%
No merger • 25%
Increase by over 5% • 25%
Increase by 1-5% • 25%
No significant change • 25%
Decrease • 25%
New EV model launch • 25%
New EV production facility • 25%
Major EV partnership • 25%
No significant move • 25%
Third largest • 25%
Fourth largest • 25%
Fifth largest or lower • 25%
Merger not completed • 25%
Focus on EV development • 25%
Expansion in Asia • 25%
Cost reduction and efficiency • 25%
Other strategy • 25%
Electric vehicle development • 25%
Cost reduction and resource pooling • 25%
Expansion in Asia • 25%
Other strategic focus • 25%
Hyundai • 25%
BYD • 25%
Nissan • 25%
Other • 25%
