Honda, Nissan formalize merger talks, aim to combine by 2026

Quick Summary:

Honda Motor Co.and Nissan Motor Co.took their first historic steps toward merging and creating a new force in the world’s automotive industry, as aggressive competition from China forces legacy carmakers to rethink their business models.

Toyota has stakes in Subaru Corp., Suzuki Motor Corp.and Mazda Motor Corp., creating a powerhouse of brands backed by its top-notch credit rating.

Nissan was rescued from its last financial crisis more than two decades ago when French carmaker Renault SA swooped in with a cash injection and dispatched Carlos Ghosn to orchestrate a turnaround.

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Article Details

Author / Journalist: Bloomberg News

Category: BusinessStartups

Markets: PhilippinesChinaJapanLebanonMali

Topics: Holding Uchida Corp Company Nissan Brands Merger Honda Percent Motor China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 12:09:49 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 771 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24597527

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 74 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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