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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%.
Nissan’s share price soared nearly 24% in Tokyo after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group. ... a vital market for ...
Nissan and Honda are in talks to merge, as first reported by Japan’s Nikkei news agency. ... more resilient business capable of swiftly adapting to changes in the market.” Nissan said it would ...
Japanese automakers Honda Motor Co. and Nissan Motor Corp. announced Monday they had agreed to work toward a possible merger that might also include Nissan's smaller alliance partner Mitsubishi Motors Corp. Honda's shares, which fell after news of the talks on a deal surfaced last week, jumped 3.8%. Nissan's, which had soared, rose1.6%.
Japanese automakers Honda Motor and Nissan Motor are reportedly entering merger talks to help them compete against Tesla and other electric vehicle makers, according to the Nikkei financial newspaper.
For Nissan, the talks come amid ongoing financial trouble. The company has faced a sharp decline in profitability, with operating profits for the year forecast to fall by 70 per cent.
Nissan Cabstar (日産・キャブスター Nissan Kyabusutā) is the name used in Japan for two lines of pickup trucks and light commercial vehicles sold by Nissan and built by UD Nissan Diesel, a Volvo AB company and by Renault-Nissan Alliance for the European market. The name originated with the 1968 Datsun Cabstar, but this was gradually ...
In American, a vital market for companies like Nissan, Honda and Toyota, that's forcing automakers to consider lower pricing, which will eat further into industry profits. AP Auto Writer Tom ...