Analysis-Behind a potential Honda and Nissan tie-up, the existential threat posed by Chinese EVs [Yahoo! Finance Canada]
Honda Motor Company, Ltd. (HMC)
Last honda motor company, ltd. earnings: 2/7 03:16 am
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Source: Yahoo! Finance Canada
Honda, Japan's second-largest car company, and Nissan, its third-largest, are in talks to deepen ties, including the possibility of setting up a holding company, two people familiar with the matter said on Wednesday. The automakers are discussing a potential merger, one of the people said. Like other foreign carmakers, both Honda and Nissan have lost ground in China, the world's biggest auto market, as BYD and other domestic brands win over consumers with EVs and hybrids loaded with innovative software. Honda reported a 15% drop in quarterly profit last month, hit by the decline in China and has been scaling back its workforce there. Nissan - a long-struggling company - plans to cut 9,000 jobs globally and manufacturing capacity by 20% due to slumping sales in China and the United States. Sanshiro Fukao, an executive fellow at the Itochu Research Institute in Tokyo, warns that the speed at which Chinese EV makers have been able to innovate means that Honda and Nissan have "no t
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HMC
News
- The Globe's stars and dogs for the week [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- New car sales to rise in December despite high interest rates [USA TODAY]USA TODAY
- Foxconn Interest in Nissan Said on Hold Amid Honda Merger Talks [Yahoo! Finance]Yahoo! Finance
- Foxconn interest in Nissan on hold amid Nissan-Honda merger talks, Bloomberg News reports [Yahoo! Finance]Yahoo! Finance
- J.D. Power-GlobalData Automotive Forecast December 2024 [Yahoo! Finance]Yahoo! Finance
HMC
Analyst Actions
- 12/18/24 - UBS Group AG
HMC
Sec Filings
- 12/18/24 - Form 6-K
- 11/15/24 - Form 6-K
- 11/6/24 - Form 6-K
- HMC's page on the SEC website