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

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.

Honda and Nissan have increased ties in recent months as they wrestle with the changing electric vehicle landscape.

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Companies Japan File Tokyo Auto Honda Company York Photo: Holding Nissan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 10:13:42 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 24528674

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