Here's what a blockbuster Nissan-Honda merger could mean for the auto industry [CNBC]
Honda Motor Company, Ltd. (HMC)
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Source: CNBC
It is thought the prospective tie-up could create the world's third-largest auto group by vehicle sales, with 8 million sales annually, according to Citi. The merger report comes at a time when many auto giants are struggling to cope with increased global competition from bigger EV makers such as Tesla and China's BYD. Top Japanese carmakers Nissan Motor and Honda Motor are understood to be exploring a blockbuster merger , sending shockwaves through the global automotive industry as the two rival companies seek to stay competitive on the road to full electrification Nissan and Honda are planning to enter into negotiations for a merger, Japanese business newspaper Nikkei reported overnight, citing sources close to the matter and noting that the domestic peers expected to sign a memorandum of understanding shortly. The prospective tie-up could create the world's third-largest auto group by vehicle sales, with 8 million sales annually, according to Citi. That would place Nissan-
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- 12/18/24 - UBS Group AG
HMC
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