Honda and Nissan may merge, Toyota-Tesla will compete

Last Updated:December 18, 2024, 21:16 IST

Honda-Nissan Merger: Two Japanese car companies Honda and Nissan may merge soon. According to reports, Mitsubishi Motors Corp can also come together in this deal.

Honda-Nissan Merger: Japanese auto giants Honda and Nissan may soon join hands to compete with giants like Toyota Motor, Tesla. According to reports, Honda and Nissan, Japan’s second and third largest car manufacturers after Toyota, are considering a merger. After this merger, they will work under a single holding company and will challenge the largest car manufacturing company of their country.

According to reports, both the companies will soon sign a Memorandum of Understanding (MoU). Apart from this, another Japanese car manufacturer Mitsubishi Motors can also be brought under this holding company, which will make it one of the largest auto groups in the world. Nissan is the largest shareholder in Mitsubishi.

How did Honda and Nissan respond?
Both Honda and Nissan have issued statements in response to these reports. Honda spokesperson told news agency AFP, “We are discussing the possibilities of cooperation between Honda and Nissan in many areas in the future and those possibilities also include the latest reports. But nothing has been decided yet.”

Nissan said, “The content of the report is not something that has been announced by both companies. It was announced in March this year that Honda and Nissan are exploring different possibilities for future collaboration. If there is any update, we will inform our stakeholders at the appropriate time.”