Nissan
By David Dolan TOKYO (Reuters) – Honda (NYSE:) and Nissan (OTC:) expect big benefits from their potential merger to create the world’s third-largest auto group but intense competition from China raises questions about whether they can make it work in time. The Japanese automakers said on Monday they had agreed…
Nissan and Honda are reportedly considering a merger.But former Nissan CEO Carlos Ghosn said the move suggests that Nissan is in “panic mode.””There is practically no complementarity between the two companies,” Ghosn told Bloomberg on Friday.The potential merger between Japanese automakers Nissan and Honda is a “desperate move,” said Carlos…
By Kantaro Komiya and Yoshifumi Takemoto TOKYO (Reuters) – Some unions are born of necessity, others from convenience. In the case of Honda (NYSE:) and Nissan (OTC:)’s potential merger, it is mostly defensive as Chinese rivals take the world by storm. While the challenge from China’s seemingly boundless EV expertise…
Investing.com — According to a report by , Honda (NYSE:) and Nissan (OTC:) Motor (TYO:) are considering entering negotiations for a potential merger, which could also involve Mitsubishi Motors Corp. (TYO:), in which Nissan holds a roughly 24% stake. A merger between Honda and Nissan would result in a company…
By Maki Shiraki TOKYO (Reuters) – Honda (NYSE:) and Nissan (OTC:) are moving towards a closer tie-up with talks of setting up a holding company, a source said, in the clearest sign yet of reorganisation in Japan’s auto industry in response to immense challenges posed by Tesla (NASDAQ:) and Chinese…
By Norihiko Shirouzu, David Dolan and Maki Shiraki TOKYO (Reuters) – In early October, Nissan (OTC:) Motor managers dialed in for a regular online meeting with boss Makoto Uchida only to hear a grim message: business was worse than expected and the Japanese car maker had to cut jobs and…
Nissan (OTC:) Motor stock slumped 6% in Tokyo trading Friday, a day after the company said it would cut 9,000 jobs and reduce its global manufacturing capacity by 20%, aiming to slash costs by $2.6 billion this fiscal year as it faces sluggish sales in key markets like China and…
DOUAI, France (Reuters) – French automaker Renault (EPA:) is in talks with Nissan (OTC:) to help the Japanese firm bring to market its own version of Renault’s electric Twingo, as the alliance partners seek to speed up an affordable EV offering to fend off Chinese competition. An electric version of…
