Honda, Nissan move to closer tie-up as competition intensifies, source says

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Bangkok Post 4h ago

Honda, Nissan move to closer tie-up as competition intensifies, source says - Bangkok Post

Quick Summary:

TOKYO: Honda and Nissan 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 and Chinese rivals.

Shares of Nissan surged more than 21% in Tokyo trade, while shares of Honda were down 1.6%.

It was not immediately clear whether a new holding company was aimed at eventually establishing a full union between the two companies, although Nikkei said they were beginning merger talks.