Japanese automakers began to save themselves! Honda and Nissan announced the start of merger negotiations

Nissan, Honda and Mitsubishi Motors work together to explore the new future of the automotive industry! Today, the three companies signed a memorandum of understanding, and Honda and Nissan officially launched business merger negotiations, with the goal of reaching an agreement in June next year. Mitsubishi Motors will also evaluate the possibility of joining the merger.

Honda and Nissan plan to establish a holding company in August 2026, and are expected to complete negotiations by June 2025. The shares of the two companies will be delisted from the end of July to August 2026. The president of the holding company will be appointed by Honda, and most of the directors will be appointed by Honda.

The collaboration aims to explore the potential ways Mitsubishi Motors can engage in the integration of Nissan and Honda and share synergies. The three companies have reached a preliminary agreement to focus on strategic cooperation in the fields of intelligence and electrification. Mitsubishi Motors will participate and plan to decide whether to officially join the merger before the end of January 2025.

The three companies believe that the addition of Mitsubishi Motors will further enhance synergy. Nissan President Makoto Uchida said that the integration will create greater value for a wider customer base. Honda's representative executive, Minami Miki, pointed out that in a period of great changes in the automotive industry that has not been seen in a century, tripartite cooperation will promote industry changes and create new value. Mitsubishi Motors President Takao Kato also said that the most effective cooperation model will be explored to achieve the best synergy.

Honda and Nissan will set up an integration preparation committee to explore the details of the merger in depth, with the goal of achieving the ambitious goal of annual sales exceeding 30 trillion yen and annual operating profit exceeding 3 trillion yen.

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