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Cash strapped Nissan may have found its savior: Honda. According to a report published by Nikkei (via You do not have permission to view the full content of this post. Log in or register now.), the two Japanese automakers have entered talks for a possible merger.
Japan’s second and third biggest automakers, Honda has a market capitalization of 5.95 trillion yen, while Nissan’s is 1.17 trillion yen. Combined, they have global sales of around 7.4 million vehicles.
If the planned merger comes into fruition, it will be the biggest in the auto industry since the merger between Fiat Chrysler and PSA that created Stellantis.
The Nikkei report says the automakers are expected to sign and announce a memorandum of understanding soon for the new merged entity. Nissan will become the top shareholder with a 24 percent stake.
The two automakers are also keen to bring in Mitsubishi Motors into the merger as well.
Nissan has been reeling from weak demand in China and the U.S., prompting the Japanese automaker to cut costs and production.
In a response to the story, Honda and Nissan issued statements saying, “no merger had been announced by either company.”
French automaker Renault, a major Nissan shareholder, said it had no information and declined to comment.
Mitsubishi Motors also did not comment on the report.
FROM: CARGUIDE.PH
Cash strapped Nissan may have found its savior: Honda. According to a report published by Nikkei (via You do not have permission to view the full content of this post. Log in or register now.), the two Japanese automakers have entered talks for a possible merger.
Japan’s second and third biggest automakers, Honda has a market capitalization of 5.95 trillion yen, while Nissan’s is 1.17 trillion yen. Combined, they have global sales of around 7.4 million vehicles.
If the planned merger comes into fruition, it will be the biggest in the auto industry since the merger between Fiat Chrysler and PSA that created Stellantis.
The Nikkei report says the automakers are expected to sign and announce a memorandum of understanding soon for the new merged entity. Nissan will become the top shareholder with a 24 percent stake.
The two automakers are also keen to bring in Mitsubishi Motors into the merger as well.
Nissan has been reeling from weak demand in China and the U.S., prompting the Japanese automaker to cut costs and production.
In a response to the story, Honda and Nissan issued statements saying, “no merger had been announced by either company.”
French automaker Renault, a major Nissan shareholder, said it had no information and declined to comment.
Mitsubishi Motors also did not comment on the report.
FROM: CARGUIDE.PH