Nissan, Honda Consider Merger

This is a news story, published by Yahoo Finance, that relates primarily to Nissan news.

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merger talks

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Nissan and Honda start merger talks

Summary

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85% Informative

Nissan and Honda have signed a memorandum of understanding (MoU) to start discussions that could lead to a merger of the two companies.

The two carmakers and Mitsubishi Motors are already collaborating in EV technology, but the MoU promises to deepen such collaboration and raises the possibility of sharing manufacturing capacity, too.

The companies expect to create stronger products, reduce costs, enhance development efficiencies, and improve investment efficiencies.

Nissan and Honda plan to establish, through a joint share transfer, a joint holding company that will be the parent company of both companies.

The companies expect that the integration of systems and back-office operations, along with the upgrade and standardization of operational processes, will drive significant cost reductions.

Both companies plan to continue coexisting and developing the brands held by Honda and Nissan equally.

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semi-formal

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English

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