Nissan Motor and Honda Motor are reportedly initiating merger talks to form a powerhouse holding company, aiming to enhance competitiveness in the evolving global automotive landscape, according to the Nikkei newspaper. The potential merger would see Nissan and Honda operate under a unified holding company, with plans to include Mitsubishi Motors, where Nissan holds a 24% stake. The combined entity is projected to achieve over 8 million vehicle sales annually, positioning it among the world's top automakers, trailing only behind Toyota and Volkswagen. Honda shares closed up approximately 1%, while Nissan's over-the-counter shares surged over 11% following the report. Both companies have yet to confirm the merger plans.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Potential merger would see Nissan and Honda operate under a unified holding company,
00:06with plans to include Mitsubishi Motors, where Nissan holds a 24% stake.
00:11The combined entity is projected to achieve over 8 million vehicle sales annually,
00:15positioning it among the world's top automakers, trailing only behind Toyota and Volkswagen.
00:20Honda shares closed up approximately 1%, while Nissan's over-the-counter shares
00:24surged over 11% following the report.
00:26Both companies have yet to confirm the merger plans.
00:28For all things money, visit Benzinga.com slash GSTV.