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The Nissan-Honda Deal Was Never a Merger of Equals. The Truth Hurts.
Nissan wants to be considered an equal with Honda, according to a report. This could sink the deal.
Nissan Withdraws Honda Integration Plan, Nikkei Says
Nissan is pulling out of its deal with Honda to combine both brands and regain global competitiveness, the Nikkei newspaper reported. The Tokyo Stock Exchange suspended trading of Nissan's shares in response to the report.
Nissan reportedly balks at Honda's terms, putting their merger in doubt
Shares of Nissan Motor Co. and Honda Motor Co. rose overnight following reports that the automakers' proposed merger may be scrapped.
Nissan and Honda shares rise as report says automakers may call off merger talks
Honda and Nissan are considering calling off their merger talks, Japan's Asahi Shimbun reported on Wednesday citing several sources. The boards of both companies are reportedly meeting soon to table the termination of the merger, the sources said.
Nissan and Honda may call off merger talks, Asahi says
Japanese automakers Honda and Nissan may call off merger talks, the Asahi newspaper reported on Wednesday, with the boards of both manufacturers to meet separately in the near future to discuss next steps.
Trump tariffs will only add to the pain for hard-hit Nissan
One of the biggest casualties of Donald Trump's potential tariffs on Mexico and Canada is likely to be the Japanese automaker that can least afford the pain: Nissan.
Nissan plans production cuts at these two U.S. plants
Nissan is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker's urgent efforts to return to profitability.The move is part of Nissan Motor Corp.'s plans, announced two months ago, to slash 9,000 jobs globally, including in China, after it racked up a quarterly loss due to sinking sales and ballooning inventory.At Nissan's plant in Smyrna, Tennessee, one production line will maintain two shifts, while the other line will consolidate to one shift, the company said.The Smyrna plant makes Murano, Pathfinder and Rogue sport-utility vehicles and the Infiniti QX60 luxury model.In the Canton plant in Mississippi, which makes the Altima sedan and Frontier pickup, Nissan is reducing the speed on one line and consolidating another.In the Decherd plant in Tennessee, which makes engines, shift adjustments will be more gradual. Some will be maintained while others will be reduced by one shift, it said.When it announced its recovery plan in November, Nissan didn't give details on where the job cuts might come.The workforce reduction of 9,000 people amounts to about 6% of its more than 133,000 global employees.
Nissan, Honda to announce direction of possible integration by mid-Feb, Nissan says
Nissan Motor will aim to announce the direction of its possible integration with Honda Motor by mid-February, a company spokesperson said on Friday, pushing back the plan from the end of January.
Nissan cuts shifts, offers employee buyouts at 3 US plants in bid to shed jobs
Japan's Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories, a company spokesperson said on Thursday, as the automaker pushes to slash $2.6 in costs globally.
Nissan to procure EV batteries from SK On for US market, Nikkei reports
Nissan Motor plans to procure batteries for electric vehicles sold in the U.S. from South Korea's SK On from around 2028 onwards, the Nikkei newspaper said on Thursday, as the troubled Japanese automaker looks to ramp up its EV business as part of a planned turnaround.
Nissan's Sunderland plant to get EV powertrain supply from new JATCO UK factory
Japanese automaker Nissan's factory in Sunderland, UK is set to receive a supply of up to 340,000 electric vehicle (EV) powertrains annually from JATCO Ltd's new factory nearby, the latter said on Thursday.
How Nissan's profits dropped 90% in one year
Merging with rival Honda may be Nissan's best shot at survival. The Japanese automaker is struggling around the world, including the U.S. and China.
