According to the newspaper:
Honda and Nissan talk about merger
According to a newspaper, the Japanese car manufacturers Honda and Nissan want to start talks about a merger. According to reports, Mitsubishi Motors is also to be brought on board. This would create one of the world's largest car groups.
According to insiders, the groups want to operate under a single holding company, the Nikkei reported on Tuesday. They are expected to sign a letter of intent for the new merged company soon, the Nikkei newspaper reported on Tuesday.
The shares of the two companies in the new group as well as further details would have to be decided later. Honda and Nissan stated in identical statements that merger talks had not been announced by either company. As announced in March, various possibilities for future cooperation are being examined. Further information will be made public in due course.
Joint venture against powerful competition from China
A deal could be the largest in the industry since the 52 billion dollar (around 49 billion euros) merger between Fiat Chrysler and PSA in 2021, which resulted in Stellantis. Honda and Nissan agreed in March to work together on e-cars in order to better defend themselves against tough competition from Tesla and Chinese factories. In August, they deepened their cooperation and agreed to work together on batteries, among other things. These are the third and second largest car manufacturers in Japan after Toyota.
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