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Home » Honda, Nissan formalize merger talks, aim to combine by 2026

Honda, Nissan formalize merger talks, aim to combine by 2026

Honda will be able to nominate a majority of the new company’s board of directors

Bloomberg NewsbyBloomberg News
December 23, 2024
in Risk Management
Reading Time: 4 mins read
0
Nissan CEO Makoto Uchida, from left, Honda CEO Toshihiro Mibe and Mitsubishi CEO Takao Kato attend a news conference on Dec. 23. Photographer: Kiyoshi Ota/Bloomberg

Photographer: Kiyoshi Ota/Bloomberg

Honda Motor Co. sketched plans for a drawn-out deal that amounts to an acquisition of Nissan Motor Co., as Japan’s automakers struggle to keep up in an increasingly competitive global car industry. The two announced a tentative agreement Monday to set up a joint holding company that will aim to list shares in August 2026. […]

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