Honda, Nissan and Mitsubishi
Renault is looking to secure a premium payout for its 36% stake in Nissan if Honda moves forward with an acquisition of its Japanese rival.According to a report from Bloomberg, representatives from the French automaker traveled to Japan this week to express concerns about the structure of a potential Honda-Nissan merger,
Renault executives travelled to Japan this week to meet counterparts at Nissan in an effort to maximise the value of the French automaker's stake in the Japanese firm ahead of its merger with Honda, a source close to the matter told Reuters.
As Honda and Nissan push forward with merger plans, Mitsubishi Motors may bow out, citing doubts about its influence in the new partnership.
With Honda and Nissan likely to join forces soon, we used the power of AI to dream up some possible creations.
Mitsubishi is thought to be concerned about its management freedom, as the future of Nissan’s management restructuring is not clear.
Honda’s sales slipped 4.6% to 3.8 million units last year, as production dropped 11% to 3.7 million vehicles. Sales at smaller Japanese rival Nissan decreased 0.8% to 3.3 million for the 12 months, while output declined 8.7% to 3.1 million units.
Japan's automaker Nissan is offering voluntary separation packages to employees at three of its facilities in the US.
Renault (RNSDF) is seeking seeking to maximize the value of Nissan’s (NSANY) stake in Honda (HMC) ahead of its merger with the Japanese
So, on a more short-term basis, and to make sure its EVs are American-built and affordable, Honda could continue partnering up with GM's now profitable Ultium EV platform and dish out another electric vehicle built as a joint venture,
Times are tough at Nissan and drastic measures need to be put in motion. The latest example is cutting production of two of the brand’s best-selling models. According to Automotive News , Nissan in April will eliminate one of two shifts at its Smyrna (Tennessee) and Canton (Mississippi) assembly plants,