Honda and Nissan to Begin Merger Talks, Nikkei Says

Dow Jones

2024-12-18

-Honda Motor and Nissan Motor will enter negotiations toward a merger to build their competitiveness in the electric-vehicle market, Nikkei reported Tuesday.

--The companies began preparing for negotiations in March, and are planning to sign a memorandum of understanding soon, according to the report.

-They are considering operating under a holding company, and eventually hope to bring in Mitsubishi Motors, which would create one of the world's largest auto groups, the report said.

Full article at https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 17, 2024 12:55 ET (17:55 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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