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Honda and Nissan are exploring deeper collaboration, including a potential merger, to address growing competition from Tesla and Chinese EV makers. The move could create the world's third-largest automaker, reshaping Japan's automotive industry.
Honda and Nissan are in discussions to strengthen ties, potentially through a merger, two sources revealed on Wednesday. This move highlights how Japan's auto industry is responding to challenges from Tesla and Chinese competitors.
A merged Honda-Nissan entity would become the world's third-largest automaker, with a market value of $54 billion and annual production of 7.4 million vehicles, trailing only Toyota and Volkswagen.
The two companies established a strategic partnership in March to collaborate on electric vehicle (EV) development. However, Nissan's mounting financial troubles have accelerated the need for closer cooperation.
Last month, Nissan announced a $2.6 billion cost-saving plan, including 9,000 job cuts and a 20% reduction in production capacity, following an 85% drop in second-quarter profits due to weak sales in China and the US.
“This seems like an effort to rescue Nissan, but Honda is also facing challenges,” said Sanshiro Fukao of the Itochu Research Institute. Honda expects weaker cash flow next year and struggles in its EV segment.
Nissan shares surged over 22% on Wednesday, while Honda shares dipped 2.3%.
Mitsubishi shares rose 13%. The talks aim to enhance technological collaboration and could lead to a holding company or even a full merger, sources said. Cooperation with Mitsubishi Motors, in which Nissan owns a 24% stake, is also being explored.
Neither company has announced a deal, though they have acknowledged exploring collaboration opportunities.
“A Honda-Nissan merger could revitalise Japan's auto industry by providing competition to Toyota,” said Seiji Sugiura of Tokai Tokyo Intelligence Laboratory. However, integrating their differing corporate cultures and navigating US trade policies could pose challenges.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
Euro zone finance ministers are set to meet on Thursday to explore ways to boost the development of euro-denominated stablecoins, amid concerns that the fast-growing market could remain dominated by the United States, a senior euro zone official said.
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