Honda, Nissan aim to close merger talks in June 2025, source says

Quick Summary:

Combining Mitsubishi Motors would take the Japanese group's global sales to more than 8 million cars, surpassing the current No 3 group, South Korea's Hyundai and Kia.

Last month, Nissan announced a plan to cut 9,000 jobs and 20 per cent of its global production capacity after its sales plunged in its key China and US markets.

The integration of the two storied Japanese brands would mark the biggest reshaping in the global auto industry since Fiat Chrysler Automobiles and PSA merged in 2021 to create Stellantis in a US$52 billion deal.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaFranceJapanSouth KoreaTaiwan

Topics: Company Person Japanese Joint Honda Nissan Sales Holding Reuters Deal Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 14:47:32 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24591821

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Official Website: channelnewsasia.com

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