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Stock impact report

It Was Inevitable—Honda And Nissan Start Merger Talks [Forbes]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Forbes
Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images) AFP via Getty Images On November 30, I wrote about Nissan's financial troubles and the fact that Honda might offer a merger to save Nissan from bankruptcy . Well the discussions have just commenced according to a major local news source. Yesterday in Tokyo, the Nikkei newspaper reported that Honda and Nissan are understood to have started exploratory talks about a potential merger to save the ailing Nissan, be expanded to include Mitsubishi Motors, and help the three firms compete against electric vehicle (EV) makers, mainly those from China. While Honda and Nissan declined to confirm Tuesday's report, both automakers, as well as Mitsubishi, issued statements that focused on their previous agreements for further future collaboration. In March 2024, the two automakers agreed to co-develop a strategic EV partnership, and then in August, they strengthened their ties by agreeing to co-develop batteries and other relat Show less Read more
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