US EditionHonda and Nissan Explore Merger to Form World's Third-Largest Automaker
- Honda and Nissan are considering a merger to create the world's third-largest automaker, producing 7.4 million vehicles annually, according to Kyodo News Agency.
- The merger would allow Honda to utilize Nissan's car factory in Britain, as Honda currently only has engine and motorcycle factories in Europe.
- The two companies formed a strategic partnership in March to develop electric vehicles, but Nissan has faced financial troubles recently.
- A Honda spokesperson stated, 'Nissan and Mitsubishi Motors are in the process of bringing together our strengths and exploring potential forms of cooperation, but nothing has been decided yet.
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Business Insider
The New York LedgerFormer Nissan CEO Carlos Ghosn calls the Nissan-Honda merger plan a 'desperate move'
"It's not a pragmatic deal because frankly, the synergies between the two companies are difficult to find," Carlos Ghosn, the disgraced ex-CEO of Nissan, told Bloomberg on Friday.Joseph Eid/AFP via Getty ImagesNissan and Honda are reportedly considering a merger.But former Nissan CEO Carlos Ghosn said the move suggests that Nissan is in "panic mode.""There is practically no complementarity between the two companies," Ghosn told Bloomberg on Frid…
Tokyo. Honda and Nissan are considering producing vehicles in the other company’s factories as part of their plan to bond and potentially merge, reported Japanese news agency Kyodo yesterday.
Honda and Nissan Motors are entering into discussions towards a business merger. Taiwanese electronics giant Hon Hai Precision Industry has also expressed its intention to participate in Nissan's management. We spoke to Itochu Research Institute Executive Fellow Fukao Sanshiro about how Nissan could restructure given its deteriorating performance. --Honda and Hon Hai are showing signs of taking part in Nissan's management. "Nissan needs help and…
The Honda Prelude Is Returning to the US Market
It’s been a long time since drivers in the U.S. — or anywhere — have had the opportunity to buy a new Honda Prelude. The last year the Prelude was manufactured was 2001 — a point in the automotive world where electric vehicles were practically unheard of and trucks and SUVs were more reasonably sized. This week, Honda announced the return of the Prelude, the sixth generation of vehicle to bear the name, and it’ll be entering a very different aut…
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