{"id":138322,"date":"2024-12-18T07:20:50","date_gmt":"2024-12-18T00:20:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=138322"},"modified":"2024-12-18T07:20:50","modified_gmt":"2024-12-18T00:20:50","slug":"honda-and-nissan-to-start-talks-on-potential-mega-merger-automotive-industry","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=138322","title":{"rendered":"Honda and Nissan to start talks on potential mega-merger | Automotive industry"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"dcr-s3ycb2\">Japanese carmakers Honda and <a href=\"https:\/\/www.theguardian.com\/business\/nissan\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Nissan<\/a> will begin negotiations over a potential merger, according to a report.<\/p>\n<p class=\"dcr-s3ycb2\">The Nikkei financial newspaper said on Tuesday that the two Japanese companies would start talks to help combat the increased global competition from bigger electric vehicle makers.<\/p>\n<p class=\"dcr-s3ycb2\">The firms, which are the second- and third-largest car manufacturers in Japan, had combined vehicle sales of 7.4m vehicles in 2023 but are having to compete with soaring sales from Chinese rivals such as BYD and Li Auto.<\/p>\n<p class=\"dcr-s3ycb2\">Both have forged stronger ties in recent months and <a href=\"https:\/\/www.theguardian.com\/business\/2024\/mar\/15\/honda-and-nissan-join-forces-on-electric-car-technology-to-chase-chinese-rivals\" data-link-name=\"in body link\">in March decided to join forces and work together on developing EV technology<\/a>.<\/p>\n<p class=\"dcr-s3ycb2\">At the time, the Nissan chief executive, Makoto Uchida, said: \u201cEmerging players are very aggressive and are making inroads at incredible speed. We cannot win the competition as long as we stick to conventional wisdom and a traditional approach.\u201d<\/p>\n<p class=\"dcr-s3ycb2\">The Nikkei said the two carmakers were looking to operate under a single holding but the stakes each would hold in the new entity, along with other details, are to be decided later.<\/p>\n<p class=\"dcr-s3ycb2\">Mitsubishi Motors, where Nissan is the biggest shareholder with a 24% stake, is also likely to be brought under the holding company.<\/p>\n<p class=\"dcr-s3ycb2\">Any deal could be the biggest in the industry since the $52bn (\u00a340.9bn) merger between Fiat Chrysler and PSA in 2021 to create Stellantis, one of the world\u2019s largest auto groups with brands such as Jeep, Dodge, Maserati, Peugeot and Citro\u00ebn.<\/p>\n<p class=\"dcr-s3ycb2\">It comes amid falling profits for a number of large automakers in Europe as they struggle with slower demand and intense competition, while also investing in the switch from petrol and diesel production to electric.<\/p>\n<p class=\"dcr-s3ycb2\">Last month, Stellantis announced <a href=\"https:\/\/www.theguardian.com\/business\/2024\/nov\/26\/vauxhall-owner-plans-to-shut-luton-van-factory-putting-1100-jobs-at-risk#:~:text=The%20owner%20of%20Vauxhall%20has,relax%20rules%20on%20electric%20cars.\" data-link-name=\"in body link\">it would be closing its Luton plant, putting 1,100 jobs at risk<\/a>, blaming the state of the UK economy and the <a href=\"https:\/\/www.theguardian.com\/environment\/2024\/nov\/22\/electric-shock-carmakers-battle-strict-uk-electric-car-rules-as-big-fines-loom\" data-link-name=\"in body link\">government\u2019s zero-emission vehicle (ZEV) mandate<\/a>.<\/p>\n<figure data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.NewsletterSignupBlockElement\" class=\" dcr-173mewl\"><a data-ignore=\"global-link-styling\" href=\"#EmailSignup-skip-link-10\" class=\"dcr-jzxpee\">skip past newsletter promotion<\/a><\/p>\n<aside aria-label=\"newsletter promotion\" class=\"dcr-av5vqf\">\n<div class=\"dcr-10et71f\">\n<p class=\"dcr-rsfwa\">Sign up to <span>Business Today<\/span><\/p>\n<\/div>\n<p class=\"dcr-1xjndtj\">Get set for the working day \u2013 we&#8217;ll point you to all the business news and analysis you need every morning<\/p>\n<p><gu-island name=\"SecureSignup\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;newsletterId&quot;:&quot;business-today&quot;,&quot;successDescription&quot;:&quot;Get set for the working day \u2013 we'll point you to all the business news and analysis you need every morning&quot;}\"\/><span class=\"dcr-1eusqlu\"><strong>Privacy Notice: <\/strong>Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our <a data-ignore=\"global-link-styling\" href=\"https:\/\/www.theguardian.com\/help\/privacy-policy\" rel=\"noreferrer\" class=\"dcr-1rjy2q9\">Privacy Policy<\/a>. We use Google reCaptcha to protect our website and the Google <a data-ignore=\"global-link-styling\" href=\"https:\/\/policies.google.com\/privacy\" rel=\"noreferrer\" class=\"dcr-1rjy2q9\">Privacy Policy<\/a> and <a data-ignore=\"global-link-styling\" href=\"https:\/\/policies.google.com\/terms\" rel=\"noreferrer\" class=\"dcr-1rjy2q9\">Terms of Service<\/a> apply.<\/span><\/aside>\n<p id=\"EmailSignup-skip-link-10\" tabindex=\"0\" aria-label=\"after newsletter promotion\" role=\"note\" class=\"dcr-jzxpee\">after newsletter promotion<\/p>\n<\/figure>\n<p class=\"dcr-s3ycb2\">Ford also announced in November it would <a href=\"https:\/\/www.theguardian.com\/business\/2024\/nov\/20\/ford-cuts-jobs-europe-uk-slowdown-ev-sales\" data-link-name=\"in body link\">cut 4,000 jobs in Europe<\/a>, including 800 in the UK, while <a href=\"https:\/\/www.theguardian.com\/business\/2024\/nov\/03\/volkswagen-cuts-plan-sends-shock-through-the-detroit-of-east-germany\" data-link-name=\"in body link\">Volkswagen is preparing to close three factories in Germany<\/a>, the first time it has shut plants in the country.<\/p>\n<p class=\"dcr-s3ycb2\">Nissan said in a statement: \u201cThe content of the report is not something that has been announced by either companies. As announced in March of this year, <a href=\"https:\/\/www.theguardian.com\/business\/honda\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Honda<\/a> and Nissan are exploring various possibilities for future collaboration, leveraging each other\u2019s strengths. If there are any updates, we will inform our stakeholders at the appropriate time.\u201d<\/p>\n<p class=\"dcr-s3ycb2\">Honda has been approached for comment.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.theguardian.com\/business\/2024\/dec\/17\/honda-and-nissan-to-start-talks-on-potential-mega-merger\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese carmakers Honda and Nissan will begin negotiations over a potential merger, according to a report. The Nikkei financial newspaper said on Tuesday that the two Japanese companies would start &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=138322\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-138322","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/138322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138322"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/138322\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}