Japanese carmakers Honda and Nissan are in talks to deepen ties, according to sources, including a possible merger, as challenges from Tesla and Chinese rivals urge a restructuring of Japan's auto industry.
Nissan Motor's shares surged sharply on Wednesday morning after reports emerged that the company had initiated talks for a merger with fellow Japanese carmaker Honda, in a move that intended to help Nissan wade through an ongoing crisis and reportedly allow the Japanese companies to compete better against electric vehicle rivals from China and Tesla.
If only M&A solved everything. Japan's Nissan Motor and Honda Motor certainly need help.
Hang Seng Gains on Beijing Stimulus: Beijing's policy pledges drove the Hang Seng Index higher, with tech and auto stocks leading Wednesday's market gains.
Auto Forecast Solutions' Joseph McCabe discusses the contours of a potential merger deal between Nissan and Honda, and how the global market plays into what's at stake.
Nissan Motor Chief Financial Officer Stephen Ma will be reassigned to head the China business as part of the struggling Japanese automaker's restructuring measures, the Nikkei business daily reported.
In early October, Nissan Motor managers dialed in for a regular online meeting with boss Makoto Uchida only to hear a grim message: business was worse than expected and the Japanese car maker had to cut jobs and production.
Karl Brauer of ISeeCars.com discusses the various troubles Nissan is facing and says that both Honda and Nissan need a 'dance partner' to continue surviving.
Nissan is facing a fight to turn around its ailing business after sales and profits plunged. Trump's proposed tariffs on Mexico could make that difficult.
Nissan Motor said on Thursday its global production fell for a fifth straight month in October, led by downshifts at most of its manufacturing hubs except for Mexico.
Nissan Motor is looking for a long-term investor, such as a bank or insurance group, to help it replace some of Renault's diluted stakeholding, the Financial Times reported on Tuesday.
Nissan persuaded a federal appeals court on Friday to decertify 10 class actions accusing the Japanese automaker of selling cars and SUVs with defective automatic emergency braking systems that caused vehicles to stop suddenly for no reason.