Japanese automakers Nissan and Honda have called off a $50 billion merger that would have formed one of the world's largest car companies. Both firms said in a statement on Wednesday that they called

Japan's Honda posts 5% rise in Q3 profit

01:48am, Thursday, 13'th Feb 2025
Japan's Honda Motor said on Thursday its third-quarter operating profit increased 5% from a year earlier, helped by strong U.S. vehicle sales and a weak yen.
The boards of Nissan and Honda both voted on Thursday to officially end talks to merge the two Japanese automakers, broadcaster TBS reported.
Nissan and Honda are expected to lay out a new stage in their uncertain relationship on Thursday, one that is likely to see them formally call off a plan to merge after talks between the two Japanese
Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industr

How Nissan lost its status as Honda equal

03:59am, Monday, 10'th Feb 2025
Japan's Nissan Motor is open to working with new partners including even technology firms after merger talks with cross-town rival Honda Motor foundered, people familiar with the automaker's thinking
January Nonfarm Payrolls Well Below Expectations.
The quick-take on this reaction is that the market recognizes that a healthy labor market subtracts from the possibility a new interest rate cut.

Nissan ready to walk away from Honda merger talks

03:50am, Thursday, 06'th Feb 2025
Nissan plans to pull out of merger discussions with Honda after the larger automaker proposed making it a subsidiary, a move Nissan opposes, according to media outlets citing sources familiar with the
Nissan Motor CEO Makoto Uchida told his Honda counterpart Toshihiro Mibe that he wants to terminate their discussions over a possible merger, the Asahi newspaper reported online on Thursday.
Nissan and Honda, both major automakers based in Japan, responded Wednesday to reports that a potential merger of the two companies could beat risk of being abandoned.
Nissan wants to be considered an equal with Honda, according to a report. This could sink the deal.
Honda Motor's (HMC) U.S.-listed shares are rising about 6% in premarket trading following reports that the Japanese automaker's plans to merge with ailing domestic rival Nissan are in jeopardy.
French carmaker Renault will "vigorously" defend the interests of the group and its stakeholders, a spokesperson for the group said, adding that recent press information indicates that no decision had
The development sparked new questions about how long Nissan can ride out its latest crisis without external help.
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