Japan’s Honda and Nissan to reportedly begin merger talks
DETROIT According to a Tuesday Nikkei newspaper story, Japanese manufacturers Nissan Motor and Honda Motor are reportedly planning to begin merger talks in order to better compete in the quickly evolving global car market.
According to the source, Honda and Nissan will shortly sign a memorandum of understanding and are thinking about functioning under a holding company. Additionally, they hope to eventually include Mitsubishi Motors under the holding company, of which Nissan is the largest shareholder with a 24% stake.
"Our company did not release the reported content," Honda stated in an email statement. As stated in March of this year, Honda and Nissan are utilizing each other's strengths to investigate a number of potential future collaboration opportunities. Any adjustments will be ...