Honda Motor Co. and Nissan Motor Co. both saw global vehicle sales stagnate or fall in 2024, underscoring the need for the pair to combine and arrest their sliding market shares.
As talks between the automakers continue, analysts say a combination makes sense but may face hurdles, including short-term financial hardship.
Despite reports that Mitsubishi would not be a part of the Honda-Nissan merger, officially no decision has been made
Honda Motor Co. and Nissan Motor Co. are expected to unveil the details of their merger plan in mid-February, company officials said
As Honda and Nissan push forward with merger plans, Mitsubishi Motors may bow out, citing doubts about its influence in the new partnership.
Nissan Motor is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability.
According to sources familiar with the matter, Honda has been pushing Nissan to accelerate its restructuring efforts. In November, Nissan announced plans to cut 9,000 jobs worldwide and reduce its global production capacity by 20 percent after reporting a more than 90 percent drop in net profit for the April-September period.
Honda Motor and Nissan Motor have said they will determine the next steps in their planned merger by the end of January. TOKYO -- Honda Motor and Nissan Motor will aim to announce how they will proceed with their planned merger by mid-February, Nikkei learned Friday.
Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.
Nissan has announced it will offer Australia’s only 10-year/300,000km new-car warranty, doubling the timeframe on its previous five-year/unlimited km warranty. Announced officially today, the offer will stand for all new Nissan vehicles purchased in Australia from January 1 2025.
Struggling to wrap your head around new car warranties? Here's an overview of what every brand in Australia offers.