The Detroit Three are facing an auto industry increasingly affected by the rise of China as demonstrated by the planned merger of Honda and Nissan.
Honda and Nissan expect big benefits from their potential merger to create the world's third-largest auto group but intense competition from China raises questions about whether they can make it work in time.
Honda CEO Toshihiro Mibe has said the companies need to build up capabilities by 2030 or face being 'beaten,' but analysts question whether they have that much time.
The two major Japanese automakers are discussing a merger. Here is what to know, from the reasons why they are doing this to how it could impact you.
Japanese carmakers Honda and Nissan are reportedly considering a merger â€” a sign that major global manufacturers are joining forces to compete against their mighty Chinese competitors as the auto world goes electric.
Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels
Honda and Nissan’s potential merger may enable them to compete with China’s BYD, as both brands struggle with declining sales and production. Honda sold 3.43 million cars and Nissan over 3 million in 2024,
A Honda Motor Co. and Nissan Motor Co. combination could give the two struggling Japanese brands the scale to take on China’s BYD Co., sales figures released Wednesday show.
Analysts questioned the timing of the Honda-Nissan potential deal amid intense competition from Chinese rivals, reported the news agency Reuters.
Honda and Nissan plan to merge as the two Japanese firms seek to fight back against competition from the Chinese car industry. Joining forces would create one of the world's biggest car producers alongside Toyota, Volkswagen, General Motors and Ford. And who is France's new finance minister?
After kicking off discussions on Monday, Honda and Nissan said they plan to provide more details on Mitsubishi’s involvement around the end of January 2025. The EV merger is expected to be official by August 2026.