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TOKYO (Reuters) -Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto ...
FILE - Nissan Chief Executive Makoto Uchida, left, and Honda President Toshihiro Mibe attend a joint news conference in Tokyo, Friday, March 15, 2024. (Kyodo News via AP, File) ASSOCIATED PRESS
Nissan and Honda’s talks are just the latest move from the auto industry as it prepares for an uncertain future. ... In Other News. ... Breaking down today's 5 college football matchups.
Honda CEO: Merger is not a Nissan rescue. Honda's shares had initially fallen when news first broke of the merger discussions last week. The company's shares closed 3% lower when local markets ...
Shares in Honda ended the day up 3.8%, Nissan rose 1.6% and Mitsubishi Motors gained 5.3% after the news reports on the details of the planned merger, while the benchmark Nikkei closed up 1.2% ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Together, Honda, Nissan and Mitsubishi currently sell approximately 8 million cars per year: in 2023, Honda made 4 million cars, Nissan 3.4 million and Mitsubishi 1 million.
Nissan has struggled financially and last month announced plans to lay off 9,000 workers and slash global production capacity by 20 percent. Uchida, who announced a 50 percent pay cut, said at the ...
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