How Will a Merger of Honda and Nissan Affect the Auto Industry?

By Free Republic | Created at 2024-12-23 23:02:58 | Updated at 2024-12-27 08:36:41 3 days ago

How Will a Merger of Honda and Nissan Affect the Auto Industry?
PJ Media ^ | 23 Dec 2024 | Chris Queen

Posted on 12/23/2024 2:48:22 PM PST by Rummyfan

Two Japanese automakers are merging and planing to create the third-largest auto manufacturer in the world. It’s a move that hopes to rejuvenate the Japanese auto industry.

“Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels,” the Associated Press reports. “The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.”

The two companies want to fast-track the merger. They’re aiming at drafting a formal merger agreement by the summer and putting the new company on the Tokyo Stock Exchange by August 2026. The merger would put the new company just behind Toyota and Volkswagen as the third-largest automaker worldwide.

(Excerpt) Read more at pjmedia.com ...

TOPICS: News/Current Events
KEYWORDS: autoindustry; automerger; honda; nissan

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Wow. Just wow.

1 posted on 12/23/2024 2:48:22 PM PST by Rummyfan

To: Rummyfan

New mascot

2 posted on 12/23/2024 2:52:33 PM PST by HYPOCRACY (Democracy is dead. Long live the Republic!)

To: Rummyfan

Maybe they’ll make the Nissonda or the Honda-san.

3 posted on 12/23/2024 2:56:22 PM PST by Migraine

To: Rummyfan

4 posted on 12/23/2024 2:59:25 PM PST by AlaskaErik (There are three kinds of rats: Rats, Damned Rats, and DemocRats.)

To: Rummyfan

Ultimately it will fail, Nissan is in bad shape, Honda not as bad. The problem is overcapacity in the world market. There are problems in Germany with VW and Mercedes. Then you have these companies that bet the farm on EV’s and have now realized that is never going to work.

The shakeout in Auto Manufactures is now happening and weakest ones will just go out of business. Stellantis is looking pretty bad also and may collapse, there is no merger partner to bail them out.

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