Honda, Nissan and Mitsubishi Begin Merger Talks

[webby]

• Nissan shares surged 22% while Honda Motor stock slipped following media reports that the two Japanese automakers were potentially considering a merger.
• According to a report in the Nikkei newspaper, Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding.

Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to a report in the Nikkei newspaper. They also look to eventually bring Mitsubishi Motors, in which Nissan is the top shareholder with a 24% stake, under the holding company, according to the report.

In a statement, Nissan said media reports that it is “considering a business integration” with Honda are not based on an announcement from our company. Nissan said it is considering various possibilities for future collaboration with Honda and Mitsubishi, but no decisions have been made.

 

[ethlar]

Nissan that was months from bankruptcy, Mitsubishi that has disappeared from american consumer markets except for 2 vehicles? I feel like Honda is getting the short end of the stick

 

[webby]

Nissan stock soaring, and Honda dropping. I don’t know what they see long term, but I’d agree with Honda getting the short end