Years of faltering sales and management turmoil had left Nissan a diminished force, especially after it underestimated demand for hybrids in the U.S., its top market. But the merger talks unraveled in a little more than a month due to Nissan’s pride and insufficient alarm about its predicament, as well as Honda’s abrupt decision to […]
The Japanese automakers in December signed a memorandum of understanding to discuss an integration under a holding company to create the world’s No.3 automaker and compete in an increasingly tough industry. But the talks have been complicated by growing differences, multiple people familiar with the matter have told Reuters and hit a wall after Honda […]
Shares in Nissan soared as much as 24 percent, while Honda dipped more than three percent. Mitsubishi Motors — of which Nissan is the top shareholder — gained almost 20 percent. Japan’s number two and three automakers behind Toyota had already agreed in March to explore a strategic partnership on EVs. “We are discussing possibilities […]
The Nikkei newspaper said that Japan’s Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up between automakers with combined sales of more than 8 million vehicles. Mitsubishi Motors, which is 34% owned by Nissan, will work with Honda and Nissan to finalize the details of their strategic […]
Nissan will invest more than 200 billion yen ($1.8 billion); in building new electric-vehicle battery plants in the U.K. and Japan, according to a report. The Japanese automobile giant and a Chinese-owned battery maker aim to start delivering batteries. Also, to power 700,000 electric vehicles a year from two plants as early as 2024, the […]
