Tag: Nissan

Nissan and Honda officially announce plans to merge

Honda and Nissan have officially confirmed rumors that they’re pursuing a merger, the companies wrote in a joint press release. Each would continue to operate under its own brand, but with a new joint holding company as parent. If Nissan-controlled Mitsubishi also came on board, the combined group would become the world’s third largest automaker… Continue reading Nissan and Honda officially announce plans to merge

Statement

Press ReleaseDecember 23, 2024     Statement  Boulogne-Billancourt, France, December 23 – Renault Group acknowledges the announcements made today by Nissan and Honda, which are still at an early stage. As the main shareholder of Nissan, Renault Group will consider all options based on the best interest of the Group and its stakeholders.  Renault Group… Continue reading Statement

Communiqué

Communiqué de presse23 décembre 2024     Communiqué  Boulogne-Billancourt, France, 23 décembre – Renault Group prend acte des annonces faites aujourd’hui par Nissan et Honda, qui sont encore à un stade préliminaire. En tant qu’actionnaire principal de Nissan, Renault Group envisagera toutes les options dans le meilleur intérêt du Groupe et de ses parties prenantes.… Continue reading Communiqué

Official: Honda and Nissan confirm merger plans

The new company would be listed on the Tokyo Stock Exchange, with the merger planned to go into place in August 2026. The firms have signed a separate MoU with Mitsubishi to explore that company joining the merger talks. Mitsubishi says that it will decide how it will proceed near the end of January 2025.… Continue reading Official: Honda and Nissan confirm merger plans

Honda-Nissan merger talks: No impact on partnerships with Renault, GM

Honda Motor Co and Nissan Motor Corp today announced that they are in discussion of a potential merger by creating a joint holding company. The merger talks, however, are unlikely to have any impact on Nissan’s partnership with French automaker Renault SA and Honda’s partnership with General Motors, according to the companies’ senior executives.  “Nissan’s… Continue reading Honda-Nissan merger talks: No impact on partnerships with Renault, GM

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

(Bloomberg) — Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region. Most Read from Bloomberg Manufacturers such as BYD Co. and SAIC Motor Corp.’s MG accounted for 7.4% of EV registrations across Europe in… Continue reading Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

(Bloomberg) — Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region. Most Read from Bloomberg Manufacturers such as BYD Co. and SAIC Motor Corp.’s MG accounted for 7.4% of EV registrations across Europe in… Continue reading Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

Honda-Nissan combined entity could generate over 3 trillion yen in annual revenue: Honda CEO Yoshihiro Mibe

The business integration of Honda Motor Co and Nissan Motor Co is likely to result in a company that will be the third largest automaker in the world in terms of vehicle sales. The combined entity has the potential to generate annual revenues of over 30 trillion yen and an operating profit exceeding 3 trillion… Continue reading Honda-Nissan combined entity could generate over 3 trillion yen in annual revenue: Honda CEO Yoshihiro Mibe

Japanese auto giants Nissan, Honda, and Mitsubishi Motors explore historic three-way integration

In a significant development for the global automotive industry, Nissan Motor Co., Honda Motor Co., and Mitsubishi Motors Corporation announced today that they have signed a memorandum of understanding (MOU) to explore a potential three-way business integration. “Nissan, Honda, and Mitsubishi Motors have reached a basic agreement to proceed with discussions based on the framework… Continue reading Japanese auto giants Nissan, Honda, and Mitsubishi Motors explore historic three-way integration