In a historic move, Honda and Nissan plan to merge by 2026, forming the world’s third-largest automaker behind Toyota and Volkswagen. The deal marks a significant shift in the automotive industry and will see the two Japanese companies combine their resources to form a new holding company.
Honda Motor Co., Ltd. CEO Mibe has emphasized that this merger is not intended as a “rescue” for Nissan, but rather a strategic partnership aimed at driving growth and innovation. The proposed deal would create a new entity with substantial market presence in Asia, Europe, and the Americas.
Mitsubishi Motors Corporation will be deciding by the end of January 2024 whether to join the merger, according to sources close to the negotiations. Once Mitsubishi makes its decision, Honda and Nissan will list holding company shares in August 2026.
The move is expected to have a profound impact on the global automotive industry, and analysts are closely watching the developments. The proposed merger would see the three Japanese companies dominate the market, leaving room for other players to adapt and innovate.
Source: https://www.reuters.com/markets/deals/honda-nissan-set-announce-launch-integration-talks-media-reports-say-2024-12-22