Re: [Rumour] Nissan and Honda (and Mitsubishi) to "merge"
BungleBob <[email protected]> Tue, 24 Dec 2024 10:54:21 +1300
| Newsgroups | alt.autos.nissan,alt.autos.mitsubishi,alt.autos.honda |
|---|---|
| Organization | A noiseless patient Spider |
| Message-ID | <[email protected]> |
It looks like the "merger" is definitely happening (assuming it passes
governmental approval processes), but it's still unclear exactly what
it entails, whether it's a full corprate merger (Honsan? Nisda?) or
simply another partnership agreement (like Toyota 86 / Subarau BRZ or
Nissan's current partnership with Renault).
Honda, Nissan Plan To Merge In 2026
-----------------------------------
Honda and Nissan joining forces is really happening, folks.
The two Japanese automakers are looking to finalize their
merger agreement as soon as June of 2025, which is in about
six months if you haven't noticed. That quick turnaround
means the marriage could be finalized in 2026.
Their merger will be facilitated through the creation of a
holding company, and don't worry Honda fanboys: it'll be
headed by a president picked by Honda. That means you really
don't have to freak out that Nissan will sully your precious
little car company. From Bloomberg:
The presidents of Honda, Nissan and Mitsubishi Motor
Corp. - Nissan's junior partner - were seen entering
and leaving Japan's transportation ministry on Monday
morning, likely to inform officials of their plans to
formally kick off merger talks.
[...]
Honda and Nissan are both facing significant
challenges, with the latter in dire financial straits
as a deluge of electric and hybrid vehicles from
competitors in China forces legacy brands to pool
resources.
Nissan is in greater need of a turnaround due to
cratering sales in the US and China, which have forced
it to slash jobs, cut production capacity and lower
annual profit outlook by 70%.
Talks were initially complicated by Taiwanese
manufacturer Hon Hai Precision Industry Co., which
reportedly expressed an interest in acquiring Nissan.
But the iPhone-maker known as Foxconn is pausing its
pursuit for now to see how talks between the two
Japanese companies unfold, a person familiar with the
matter said last week.
An alliance between Honda and Nissan - which could
also include Nissan's junior partner Mitsubishi Motors
- would effectively split Japan's automobile industry
down the middle, pitting the trio against Toyota Motor
Corp. and its partnerships with Mazda Motor Corp.,
Subaru Corp. and Suzuki Motor Corp.
Honda and Nissan had already begun laying the
groundwork for a technical partnership earlier this
year, announcing plans with Mitsubishi Motors to
co-develop batteries, software and other EV
technologies.
If this deal really does go through, it'll create the world's
third-largest automaker by sales, according to CNBC. The two
companies would also combine for a value of nearly $54 billion,
though to be fair, Honda's market cap contributes about
$43 billion to that number.
<https://jalopnik.com/honda-and-nissan-to-merge-in-2026-creating-world-s-thi-1851727377>
Similar article at BBC News
<https://www.bbc.com/news/articles/cwy3ljvv93lo>