• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Honda and Nissan set sights on merger for electric vehicle competition, Nikkei reports

by December 17, 2024
written by December 17, 2024

Investing.com — Honda (NYSE:HMC) Motor and Nissan (OTC:NSANY) Motor are set to engage in discussions regarding a potential merger, aiming to pool resources to strengthen their position in the electric vehicle market, according to Nikkei on Wednesday.

The two Japanese automakers are contemplating the possibility of operating under a shared holding company, the report said, adding that a memorandum of understanding, which will formally initiate these negotiations, is expected to be signed shortly.

Details regarding their respective stakes in the newly proposed entity, along with other specifics, will be determined at a later stage, the report said.

This move signifies a strategic response to the fast-paced evolution of the automobile industry, particularly the electric vehicle segment.

By joining forces, Honda and Nissan aim to better compete with Tesla (NASDAQ:TSLA) and Chinese electric vehicle producers, who currently hold a significant market share.

The decision to merge resources comes as automakers worldwide are grappling with the shift towards electric and autonomous vehicles, a trend that has been accelerated by growing environmental concerns and advancements in technology.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Rosenblatt starts MongoDB at buy, neutral on Rubrik
next post
MicroStrategy’s Nasdaq-100 entry attracts nearly $11 million of retail inflows

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

      August 30, 2025
    • Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

      August 29, 2025
    • Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

      August 29, 2025
    • Trump accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.

      August 29, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (626)
    • Stock (6,426)

    Latest News

    • Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year
    • Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

    Popular News

    • After-hours movers: Netflix, United Airlines, Seagate Technology, and more
    • China’s Politburo ‘signals a pre-emptive stance’ to step up easing

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy