A new automotive giant is about to be born. Honda. e NissanI am the second and third largest car company JapanAfter Toyota, they are negotiating for it. Fusion Who will give life. The third largest automotive group in the world For vehicles sold. After the first press rumours, there was reassurance: merger talks are underway and the two giants have signed an agreement. Memory Comprehend the steps that will lead to integration.
The agreement provides that Honda will appoint a majority of the new holding’s managers, including its president.
The root of competition
The aim of the deal is to bring the two manufacturers together into a larger group capable of competing against Tesla and Chinese electric car manufacturers.
Negotiations will be completed by June 2025, with the aim of creating a new holding company listed on the stock exchange by August 2026.
too MitsubishiIn which Nissan is the main shareholder with 24%, has signed the memorandum and may become part of the group. A final decision is expected by the end of January 2025.
Second Bloombergwill form a group by merging. 54 billion in capitalization With productivity 7.4 million vehicles per year (also 8.5 million including Mitsubishi), close to the numbers of Toyota and Volkswagen. With respect to turnover, values are estimated around. 191 billion dollars.
It can also be included in the integration plan. FoxconnA Taiwanese manufacturer of electrical and electronic components, which has announced its intention to acquire shares. Renault According to reports from Nissan Nickythe Taiwanese giant’s head of electric vehicle strategy may have traveled to France to hold talks with Renault. An agreement that will allow the company to become part of the new group by right.
The deal represents the largest merger since the days of Fiat Chrysler and PSA, which merged in 2021. Stellar.
Currently, both major players are facing major issues: Honda. His forecast was revised downward useful For 2024, with an estimated decrease of -14.2%. Nissan announced to cut Of 9000 jobs.
Competition from China
Last March, Honda and Nissan announced a strategic partnership to jointly develop electric vehicles and software to improve costs and strengthen their market position. In August, Mitsubishi Motors joined the collaboration, expanding the development potential.
President of Honda, Toshihiro Maibeclarified that, at the outset, the partnership does not envisage a merger or acquisition, but has left open the possibility of the future evolution of the agreement.
Although the two companies achieved a combined sales volume of 2023. 7.4 million vehicles Globally, they face increasingly tough competition in the electric vehicle market. in particular, Chinese marketThat was with more than 70 percent of global electric car registrations in November. 1.27 million units sold.proved to be a particularly difficult terrain.
The appearance of China represents a threat to its competitiveness as a global leader in the manufacture of electric vehicles.Japanese automotive industrywhich takes approx. 5 percent of the workforce National
