TOKYO (dpa-AFX) – In view of the tough global competition in electric vehicles, the Japanese car manufacturers Honda (Honda Motor) and Nissan (Nissan Motor) are in talks about a merger and want to involve Mitsubishi Motors in it. The three companies announced an agreement to begin talks at a short-term press conference. Honda and Nissan, Japan’s second and third largest carmakers, want to complete negotiations by June 2025. Nissan’s partner Mitsubishi Motors wants to decide by the end of January whether the group will participate in a merger, the companies said.
Honda and Nissan are considering a holding company in August 2026. Together, they would form the third largest car company in the world with sales of more than eight million vehicles, moving closer to Toyota (Toyota Motor) and Volkswagen (Volkswagen (VW) vz). They want to pool their resources to better compete against Tesla and Chinese electric vehicle manufacturers. Japanese car manufacturers have fallen behind globally in this area.
Honda also wants to buy back shares on a large scale. Almost a quarter of all securities that are not owned by the company are to be purchased with a volume of up to 1.1 trillion yen (6.7 billion euros).
Cooperation has been known since March
Nissan and Honda had already announced in March that they would work together on the development of electric vehicles and software technologies in order to reduce their costs and improve their competitiveness. Mitsubishi Motors joined these discussions in August.
“Honda and Nissan have begun to consider business integration and will explore creating significant synergies between the two companies in a variety of areas,” said Honda CEO Makoto Uchida. It is significant that Nissan – the largest shareholder in Mitsubishi Motors – is also involved in these discussions, it said./ln/DP/men
Selected lever products on Honda Motor
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Honda Motor
The leverage must be between 2 and 20
Advertising