Nissan and Honda confirm talks on closer collaboration, but say there's been no decision on a merger [Globe and Mail, The (Toronto, Canada)]
Honda Motor Company, Ltd. (HMC)
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Source: Globe and Mail, The
Log in or create a free account to listen to this article. Japanese automakers Nissan Motor Corp. NSANY increase and Honda Motor Co. HMC-N increase confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger Nissan's share price soared nearly 24 per cent in Tokyo after reports citing unnamed sources said it might merge with Honda to form the world's third-largest automaking group. Honda's share price fell as much as 3 per cent. Nissan alliance member Mitsubishi Motors Corp. is also part of the talks. Trading in Nissan's shares was suspended but then resumed after the companies jointly issued a statement saying they were “considering various possibilities for future collaboration, but no decisions have been made.” The ascent of Chinese automakers is rattling the industry at a time when manufacturers are struggling to shift from fossil fuel-driven vehicles to electrics. Relatively inexpensive EVs from China's BYD, Great
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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