By Miguel Mike Medina
Photo: Detroit Free Press
The Japanese automobile maker made it official. Nissan and Honda are officially merging, which could be a significant game changer for the industry.
According to npr.com, “The emergence of Chinese automakers such as BYD and Nio has eroded the market share of global automakers such as Honda, Nissan, and Volkswagen in China — a country they once counted as a critical market.
The Chinese automakers can not only make cars more cheaply, they have also won over Chinese consumers with their electric vehicles and their nifty software.”
After the announcement, Honda shares were recently up 17%, trading at 1,494 yen on Tuesday in Tokyo, while Nissan Motor shares were 0.2% higher at Y450.8.
According to Market Watch, Honda-Nissan talks were underway and could yield a combination. The companies said Monday that they’d signed a memorandum of understanding, which includes Nissan partner Mitsubishi Motors, to form a joint holding company. Mitsubishi will decide whether or not it will participate by the end of 2025. The holding company will become a listed entity by August 2026.
Miguel Mike Medina is the publisher of The MMM Journal. He can be reached at medinamiguelmike@gmail.com and themmmjournal@gmail.com
X: @mmm_sportnfilms, Instagram: @miguel_passionforsports and @themmmjournal, LinkedIn: The MMM Journal, TikTok: @miguelmikemedina
