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BumRushDaShow

(144,167 posts)
Mon Dec 23, 2024, 08:09 AM Monday

Honda and Nissan officially begin merger talks to create world's third-largest automaker

Source: CNBC

Published Mon, Dec 23 2024 3:06 AM EST Updated 3 Hours Ago


Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales.

In a press conference on Monday, Honda CEO Toshihiro Mibe said the companies needed greater scale to compete in the development of new technologies in electric vehicles and intelligent driving. A business integration would give the companies an “edge that will not be possible under the current collaboration framework,” Mibe said, according to a translation.

The deal would aim to share intelligence and resources and deliver economies of scale and synergies while protecting both brands, he said.

A holding company would be formed as the parent company of both Honda and Nissan, listed on the Tokyo Stock Exchange. The larger Honda will nominate most of the integrated entity’s board members. The merged group has the potential to deliver revenue of 30 trillion yen ($191.4 billion) and operating profit of over 3 trillion yen, he said.

Read more: https://www.cnbc.com/2024/12/23/honda-and-nissan-merger-talks.html



The U.S. would have no control of this as it's a Japan thing (but wouldn't be surprised if 45 tried to meddle).
6 replies = new reply since forum marked as read
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Honda and Nissan officially begin merger talks to create world's third-largest automaker (Original Post) BumRushDaShow Monday OP
This was inevitable once the news about Nissan got out Renew Deal Monday #1
Efficiency experts panned Honda's overhead cost cutting bucolic_frolic Monday #2
I hope it is not like other mergers where the quality in both suffer. Like Sears and K Mart, Ford and Jaguar, doc03 Monday #3
I hope so too. But I fear it's the shitification of Honda. SunSeeker Monday #4
Toyota owns parts of Mazda and Subaru IronLionZion Monday #5
Yes, that's what I was referring to. nt SunSeeker Monday #6

Renew Deal

(83,064 posts)
1. This was inevitable once the news about Nissan got out
Mon Dec 23, 2024, 08:32 AM
Monday

Letting Nissan collapse would be far worse for the US, especially in TN

bucolic_frolic

(47,565 posts)
2. Efficiency experts panned Honda's overhead cost cutting
Mon Dec 23, 2024, 08:33 AM
Monday

They shrunk factory plans by some small % to save money by dipping car frames vertically instead of horizontally. They were well aware they couldn't achieve economies of scale on low volume so they found other ways.

Nissan? Convert the factories to Honda. This is a meeting for growth and nothing else.

doc03

(36,946 posts)
3. I hope it is not like other mergers where the quality in both suffer. Like Sears and K Mart, Ford and Jaguar,
Mon Dec 23, 2024, 09:35 AM
Monday

Chrysler and Stellantis.

SunSeeker

(54,044 posts)
4. I hope so too. But I fear it's the shitification of Honda.
Mon Dec 23, 2024, 12:16 PM
Monday

Next, Toyota and Mazda will merge...they kinda already have started to.

IronLionZion

(47,113 posts)
5. Toyota owns parts of Mazda and Subaru
Mon Dec 23, 2024, 12:54 PM
Monday

and have many collaborations with both. Toyota also collaborates with BMW on some alternative fuel projects.

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