Honda and Nissan are reportedly in discussions about a potential merger between the Japanese automakers, and the rumors do not come as a surprise to industry experts.
Shares of Nissan Motor Co. closed 23.7% higher on Wednesday, following reports that the Japanese automaker was planning merger discussions with Honda Motor Co,
Nissan (NSANY, 7201.T) stock surged, while Honda (HMC, 7267.T) stock is under pressure as the market reacts to a potential merger between the two Japanese automakers. Former Federal Trade Commission (FTC) commissioner Mozelle Thompson joins Madison Mills to discuss what antitrust hurdles a possible merger would face.
Honda (HMC, 7267.T) and Nissan (NSANY, 7201.T) are considering a potential merger that would create the third-largest automaker in the world. Yahoo Finance Senior Autos Reporter Pras Subramanian sits down with Brad Smith and Madison Mills on Morning Brief to break down what investors need to know.
Both are trying to keep up in the new world of electric vehicles Transcript: Conway Gittens: The Dow is on track to snap its longest losing streak since 1978 despite somber news on the housing front. New home construction projects dropped for a second month in a row, falling to a four-month low in November.
HMC and NSANY are in talks to form a holding company and are likely to sign a memorandum of understanding soon, per Nikkei.
The Japanese car makers combining would make a lot of sense.
Karl Brauer, executive analyst at iSeeCars.com, discusses the possibility of a mega merger between Honda and Nissan.
Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.
The two companies are facing tough competition from fellow EV makers.
Japanese automakers Honda Motor Co. and Nissan Motor Co. are exploring the possibility of a merger, according to reports late Tuesday, in a bid to better compete against foreign electric-vehicle makers like Tesla Inc. and China's BYD.
Honda and Nissan are moving towards a closer tie-up with talks of setting up a holding company, a source said, in the clearest sign yet of reorganisation in Japan's auto industry in response to immense challenges posed by Tesla and Chinese rivals.