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In November, Nissan said it was slashing 9,000 jobs globally to reduce costs. Nissan's stock is down by nearly 19% this year, while Honda's shares were down nearly 15% year to date, as of Monday's ...
Japan's stock market had closed for trading on Monday when the announcement was made. However, Honda's New York-listed stock was up 13% in premarket trade Monday on the back of the news.
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 ...
Nissan needs hybrid powertrain options for its best-selling vehicles, and Honda has some of the best hybrids in the world on sale today. Meanwhile, Nissan could offer help to Honda in the battery ...
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% ...
The Honda-Nissan tie-up could lead to even more mergers in the industry in the future, said Adam Jonas, auto analyst with Morgan Stanley, in a note last week, when news of the talks emerged.
Shares in Honda ended the day up 3.8%, Nissan rose 1.6% and Mitsubishi Motors gained 5.3% after news of the merger plan, while the benchmark Nikkei index closed up 1.2%. ($1=156.6600 yen)
Nissan's stock surged after reports it was negotiating a possible merger with Honda. When local markets closed Wednesday, Nissan's stock was nearly 24% higher, while Honda's was down 3%.
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