Honda, Nissan hold merger talks as pressure grows from Chinese rivals, Japanese media report [Yahoo! Finance Canada]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance Canada
joining forces to compete against their mighty Chinese competitors as the auto world goes electric. The two companies — which, if merged, would become the world's third-largest auto manufacturer by sale units — could meet as soon as Monday to move forward on the talks, according to Japanese newspaper Nikkei. Both firms have denied reports of a merger. Together, Honda and Nissan would bring "collective muscle and size and scale to meet the challenges of the Chinese automakers like BYD, and Tesla, the other big electric player in the marketplace," said Peter Frise, a professor of engineering at the University of Windsor. They would also have a stronger edge against traditional automakers who are developing their own EV programs, including their Japanese rival Toyota, which is far larger than the companies sometimes referred to as its little brothers. Their North American plants are also facing the threat of U.S. president-elect Donald Trump's promise to slash consumer incentives
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