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290 Nissan and Honda Agree To Merge

Slashdot
msmash @ Slashdot · 12/23/2024 11:43 EDT

Nissan and Honda Agree To Merge

Honda sketched plans for a drawn-out deal that amounts to a takeover of Nissan in all but name, as Japan's automakers struggle to keep up in an increasingly competitive global car industry. From a report: The two announced a tentative agreement Monday to set up a joint holding company that will aim to list shares in August 2026. While their executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors.

Nissan's partner Mitsubishi ma

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