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.
Bloomberg has learned that Honda Motor Co. and Nissan Motor Co. are exploring a potential merger. The two Japanese carmakers have been holding preliminary talks about a combination, according to people familiar with the matter.
Nissan and Honda are considering a merger to help them compete in the EV industry. The news sent Nissan stocks skyrocketing nearly 22% on Tuesday.
Honda shares fall 2% after media reports on potential merger with Nissan
Japanese automakers Honda (HMC) and Nissan (NSANY) plan to begin discussions about a potential merger, according to reports.
Japanese automakers Nissan Motor Co Ltd NSANY and Honda Motor Co Ltd HMC are reportedly negotiating a merger, first revealed by the Nikkei newspaper Tuesday, aiming to consolidate under a holding company and include Mitsubishi Motors.