Japan’s Honda, Nissan Officially Scrap $60 Billion Merger Plan

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If their deal had succeeded, the two giants would have created the world's fourth-biggest auto group by vehicle sales

The post Japan’s Honda, Nissan Officially Scrap $60 Billion Merger Plan appeared first on Asia Financial.

Japanese carmakers face multiple headwinds at present, the biggest being increasing competition from Chinese carmakers like BYD, that are gobbling up market share with sleeker, cheaper and software-rich cars.

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Author / Journalist: Vishakha Saxena

Category: InvestingBusiness

Markets: Hong KongJapanMexicoTaiwan

Topics: Asia Foxconn Japan-China EV China Electric Vehicle Index Markets China EV Transport Insights Global Green Energy Transport and Technology Leaders Index Electric Vehicles Electric Cars Transport Chinese Cars Capital Markets Nissan Automotives China EV Companies Market Insights Honda Regions

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 13:03:12 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 533 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © Asia Financial

News ID: 26121908

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