Honda and Nissan are reportedly planning to merge and create a new holding company, which could eventually include Mitsubishi. The merger aims to combine resources and better compete with Tesla and Chinese electric vehicle manufacturers. The combined company would surpass General Motors in annual sales volume but remain below Hyundai.
has reported. This could ultimately grow to include Mitsubishi, which would form two camps of Japanese automakers, the other being Toyota which has stakes in
The merger, if materialised, will pool the automaker’s resources for them to better compete against Tesla as well as Chinese electric vehicle makers,said. Honda and Nissan plan to sign a memorandum of understanding for equity stakes in a new holding company under which the resulting combined company would operate,Honda, Nissan and Mitsubishi combined sold around four million vehicles in the first half of this year, whereas Toyota sold 5.2 million vehicles in the same period.
The Chinese cars are flooding South East Asia cos Donald the Trumpeter n kiasu EU are raising barriers with tariffs.
Automotive Industry Mergers And Acquisitions Electric Vehicles Tesla Nissan Honda
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