Monday , 23 December 2024
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Honda and Nissan are set to announce launch of integration talks

Rumours of this from last week:

More emerging now, with Honda and Nissan set to announce discussions on business integration on Monday, according to unnamed sources.

  • Details of Integration Talks:

    • Board meetings and a joint press conference, also involving Mitsubishi Motors, will take place on Monday.
    • A potential merger could form the world’s third-largest auto group by sales, following Toyota and Volkswagen.
  • Motivations and Challenges:

    • Both companies face competition from Tesla and Chinese manufacturers, along with declining sales in key markets like China and the U.S.
    • Past collaborations include electrification, software development, and joint research.
  • Integration Possibilities:

    • Proposals include Honda supplying hybrid vehicles to Nissan and shared use of Nissan’s UK factory.
    • Finalization of integration talks is targeted for June 2025.
  • Stakeholder Views:

    • Renault, Nissan’s top shareholder, supports the idea in principle and is evaluating its implications.

This article was written by Eamonn Sheridan at www.forexlive.com.

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