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Nissan’s US sales are struggling, with sales down 2.2% in Q3, while Honda’s sales have surged, up 8% in Q3 and up 13.4% year to date. Part of that success is due to Honda’s hybrid offerings ...
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% ...
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 ...
Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a news conference on Monday ...
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 ...
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 of Nissan closed nearly 24% higher in Tokyo trade on Wednesday, while shares of Honda, whose market value of $43 billion is more than four times bigger than that of Nissan, declined 3%.
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 ...