1156 GMT - A lengthy merger process between Nissan Motor and Honda Motor in the midst of a deteriorating business environment could be detrimental to both companies, S&P Global Ratings says in a press release. The two Japanese auto companies confirmed that they are in early discussions on a potential union. Nissan's profitability has declined, while Honda's performance is stable and its financial metrics are sound, the rating agency says. If Nissan fails to turn its performance around, the merger could be negative for the two firms, S&P says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
December 18, 2024 06:56 ET (11:56 GMT)
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