December 23, 2024 08:03 GMT
AUTOMOTIVE: Nissan (NSANY Baa3[N]/BB+/BBB-[N]): Press Conference
AUTOMOTIVE
- Confirming earlier reports, Honda and Nissan announce a memorandum of understanding on the proposed merger. They aim to agree to create a joint holding company by June 25 and close the merger in August 2026.
- They plan to share production facilities and vehicle platforms. This would allow Honda to produce much-needed hybrids for Nissan.
- They see further synergies on scale, R&D and operations.
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