merger talks – Charm

How Nissan lost its status as Honda equal

Cs news6 months ago03 mins

By Miyoung Kim SINGAPORE (Reuters) – Japan’s Nissan Motor is open to working with new partners including even technology firms after merger talks with cross-town rival Honda Motor foundered, people familiar with the automaker’s thinking have said. The pair were on course to create the world’s fourth-biggest automaker with annual production of nearly 7 million…

Honda and Nissan Consider Merger Amid EV Market Pressures

Cs news7 months ago03 mins

Honda Motor Co. (HMC, Financials) and Nissan Motor Co. (NSANY, Financials) are reportedly investigating a possible merger to increase their competitiveness in the electric vehicle sector, especially in important markets like China and Southeast Asia where rivals like Tesla (TSLA, Financials) and BYD (BYDDF, Financials) rule. With a dramatic 93.5% decline in profits over the…