Auto experts Mike Codil join ‘Cavuto: Coast to Coast’ to discuss the possibility of merger between Honda and Nissan and how it can affect brands.
Nissan and Honda on Wednesday replied that reports stated that the possible merger of companies may be in danger.
The Wall Street Journal, citing the people familiar with the case, stated that Nissan was out of the memorandum with Honda and other options, after the conditions put forward by the company to be “unacceptable” by the company to be “unacceptable” by the company. Nissan had planned to reject an idea, Honda was one of a subsidiary of Nissan, Outlet,
The Wall Street Journal, citing the people familiar with the case, stated that Nissan was out of the memorandum with Honda and other options, after the conditions put forward by the company to be “unacceptable” by the company to be “unacceptable” by the company. (Getty Image / Getty Image)
A Reuters report It also indicated that Nissan could prevent discussion.
Nissan said in a statement to Fox Business on Wednesday that the two companies planned to take a decision on the direction of management integration by the end of January, but the preparation committee discussion is going on. “
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An Integration Preparation Committee was established to discuss a possible merger by Nissan and Honda.
The company said that Nissan “AIS (S) will finalize our direction by mid -February and announce it at that time.”
Nissan counts Nismo, Autech and Infiniti among its brands. (Artur Widak / Nurphoto Getty Images / Getty Images)
HondaMeanwhile, on Wednesday said that it is “still in discussion,” but refused to provide more details.
About six weeks after the disclosure of Nissan and Honda, there were reports of upheaval, they understood a memorandum to merge their companies through a joint holding company.
Nissan, Honda announced a plan to consider the merger
At the end of December, the automekers stated in a press release that the memorandum “to serve as an alternative to maintains global competition and to distribute more attractive products and services to customers worldwide for two companies. Work as an alternative to continue. “
A Merger Honda and Nissan, if it comes to fruiting, a company may be formed which will be the third largest vehicle manufacturer in the world.
Honda makes vehicles under its name brand and Acura. (Igor Golovenio/SOPA images/Getty image/Lightese through the image)
Companies “can seek to integrate their related management resources such as knowledge, human resources and technologies; create deep synergy; increase the ability to respond to market changes; and expect long -term corporate price improvement” Should agree “For merger, Nissan and Honda said in December.
What can the Honda-Nisson merger mean for auto industry and consumers
Honda makes vehicles under its name brand and Acura. Nissan counts Nismo, Autech and Infiniti among its brands.
The automaker stated at the end of January that the total number of vehicles in 2024 was more than 3.7 million. Globally, Nissan earned more than 3.1 million in the same year.
Honda’s market capitalization increased to about $ 50.11 billion by Wednesday. Nissan had $ 9.44 billion.
