Honda and Nissan officially begin merger talks to create the world’s third-largest automaker

Honda and Nissan officially begin merger talks to create the world’s third-largest automaker


The vehicles will be available for sale at a Nissan dealership on December 18, 2024 in Libertyville, Illinois.

Scott Olson | Getty Images

A quiet takeover of Nissan by Honda could be the 'best thing that can happen': analyst

In its most recent quarterly results, Nissan said It would cut 9,000 jobs and reduce global manufacturing capacity by a fifth.

The automaker was “struggling in the market, it was struggling at home, it doesn’t have the right product range,” Peter Wells, professor of economics and sustainability at Cardiff Business School’s Center for Automotive Industry Research, told CNBC.Street signs Europe” last week.

“There are so many warning signs at Nissan right now, so many red flags that something had to happen. Whether that is the answer is another question,” Wells added.

Employees work on the assembly line of new energy vehicles at a factory of Chinese electric car startup Leapmotor in Jinhua, Zhejiang province of China, April 1, 2024.

Here’s what a blockbuster merger between Nissan and Honda could mean for the auto industry

This is a breaking news story and will be updated shortly.

— CNBC’s Sam Meredith contributed to this story.



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