The development sparked new questions about how long Nissan can ride out its latest crisis without external help.
Shares of Honda and Nissan climbed on Wednesday following a report that the Japanese automakers were considering calling off their high-profile merger discussions. The Asahi Shimbun newspaper, citing sources, said the boards of both companies were preparing to formally terminate negotiations, which had been in progress since last year.
Honda's next generation of manufacturing is starting in Ohio. The automaker plans to install six "giga presses," made known by Tesla, and a new "cell" manufacturing system for its upcoming electric vehicle battery cases.
American Honda issued a major recall over engine concerns this week.
Honda Motor said on Wednesday it will boost its investments in three Ohio auto plants by $300 million to have flexibility to build EVs, hybrids and gas-powered vehicles on the same assembly line.
Honda will recall 294,612 vehicles in the US to fix an issue that may cause engines to stall or suffer a loss of power, the National Highway Traffic Safety Administration said on Wednesday.
Honda will recall 294,612 vehicles in the U.S. over concerns engines may stall or suffer a loss of power due to a software error in the fuel injection electronic control unit, the National Highway Traffic Safety Administration said on Wednesday.
Honda Motor Co., a Japanese automotive giant, is poised to make a significant push into the North American electric vehicle (EV) market with a strategic focus on affordability. According to a report in the Nikkei newspaper, Honda plans to introduce a compact EV priced below $30,000 as early as 2026.
Japan's Honda Motor plans to launch a small electric vehicle priced below $30,000 in North America by as early as 2026, the Nikkei newspaper said on Tuesday, as it plays catch-up in the battery-powered car market.
HMC's auto financing arm faces a $12.8 million fine for allegedly reporting inaccurate credit information affecting hundreds of thousands of customers.
The National Highway Traffic Safety Administration said on Monday it has opened a probe into about 295,125 American Honda vehicles over reports of inadvertent activation of the automatic emergency braking system, resulting in rapid vehicle deceleration that increases the risk of a collision.
Honda's U.S. financing arm was ordered on Friday by the U.S. Consumer Financial Protection Bureau to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 drivers of Honda and Acura vehicles.