12/23/2024

Honda and Nissan Announce merger Plans

If completed, the deal would create the world’s third-largest automaker

Honda and Nissan have formally agreed to hold talks over the next six months on a possible merger, a deal that would create the world’s third-largest automaker and give them more resources to compete with a growing threat from Chinese carmakers.

A third, smaller Japanese automaker, Mitsubishi, which is already in an alliance with Nissan, will also participate in the talks. The combined company, should it be created, would trail only Toyota and Volkswagen in global sales.

Mergers in the auto industry are nothing new. They have taken place since the acquisition of various brands formed General Motors in the first decade of the 20^th century. But they sometimes have trouble succeeding bringing together different partners.

Please select this link to read the complete article from CNN.