Why Japanese Automakers Honda and Nissan Are Said to Be Considering a Merger

MarketWatch21:16 ET

Toyota Motor Hits 4-week High

Trading Economics20:51 ET

Nissan Stock Soar Over 20% On Merger Talks With Honda, Mitsubishi Spikes

Benzinga20:44 ET

Nissan And Honda Consider Merger To Take On Toyota

Business Today20:30 ET

Honda, Nissan, Mitsubishi merging? Japanese car companies need to band together for warmth.

Nissan is currently mired in financial difficulties, with only 12 to 14 months of Cash / Money Market reserves left, facing pressure from aggressive Shareholders and a huge debt burden, and its stock price has dropped about 39% so far this year; Honda has once again lowered its performance and delivery guidance.

wallstreetcn20:09 ET

Honda and Nissan are considering a merger that could create a single strong competitor to Toyota in Japan.

Informed sources revealed that Honda Motor and Nissan Motor are exploring the possibility of a merger. This would create a single strong competitor for Toyota Motor in Japan and allow the merged company to better cope with global competition challenges. Sources indicated on Tuesday that the two auto manufacturers have been in preliminary discussions about a merger. Because the matter has not been made public, the sources requested anonymity. One person mentioned that one option being considered by both parties is to establish a new holding company to operate the merged Business, and this Trade could also expand to include Mitsubishi Motors. They said that discussions are still in the early stages and an agreement may not be reached.

Global Market Report19:05 ET