Nissan and Honda are said to be in talks to set up a holding company

Greg had the merger scuttlebutt talks overnight:

• Honda and Nissan to begin merger talks

Updating now – Reuters reports the two are discussing setting up a holding company.

More:

• Merger Talks: Nikkei reports Honda and Nissan are discussing a potential merger under a holding company.
• Inclusion of Mitsubishi: Mitsubishi Motors (24% owned by Nissan) may also join, forming a major auto group.
• Global Scale: Combined annual sales of Honda, Nissan, and Mitsubishi would surpass 8 million vehicles.
• Company Responses:
  • Honda: Exploring options but has not confirmed the report.
  • Nissan: Report content not officially announced; stakeholders will be informed if updates arise.

This is all related to Chinese EVs taking over the world ….

Any excuse to post a motorcycle related pic!

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