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Honda and Nissan to Begin Merger Talks Next Week, Nikkei Says [Yahoo! Finance Canada]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Most Read from Bloomberg Official talks, including on a possible merger, between the two Japanese brands will start as soon as Dec. 23, Nikkei reported. Their negotiations hold the potential to create the world's third biggest carmaker, positioning it better against industry leader Toyota Motor Corp. and others in a tumultuous global market. Honda's shares fell more than 2% in early trading Thursday, while Nissan was trading up by 1% after jumping a record 24% in the day prior. Honda is weighing several options, according to Executive Vice President Shinji Aoyama, which include a merger, a capital tie-up and even the formation of a holding company. The alliance could also include Mitsubishi Motors Corp., with which Nissan already has a strategic partnership. Representatives for Honda and Nissan didn't immediately reply to a request for comment on the start-date for talks. Honda and Nissan's move to strengthen ties comes after Hon Hai, the Taiwan-based producer of iPhones kn Show less Read more
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