Posted on 12/23/2024 2:48:22 PM PST by Rummyfan
Two Japanese automakers are merging and planing to create the third-largest auto manufacturer in the world. It’s a move that hopes to rejuvenate the Japanese auto industry.
“Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels,” the Associated Press reports. “The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.”
The two companies want to fast-track the merger. They’re aiming at drafting a formal merger agreement by the summer and putting the new company on the Tokyo Stock Exchange by August 2026. The merger would put the new company just behind Toyota and Volkswagen as the third-largest automaker worldwide.
(Excerpt) Read more at pjmedia.com ...
Maybe they’ll make the Nissonda or the Honda-san.
Honsan the new name?
Ultimately it will fail, Nissan is in bad shape, Honda not as bad. The problem is overcapacity in the world market. There are problems in Germany with VW and Mercedes. Then you have these companies that bet the farm on EV’s and have now realized that is never going to work.
The shakeout in Auto Manufactures is now happening and weakest ones will just go out of business. Stellantis is looking pretty bad also and may collapse, there is no merger partner to bail them out.
Hopefully, Nissan quality will rise and Honda quality will not decline.
NI HON ...Nihon ...日本 ...which means JAPAN in Japanese .
Nissans these days are generally driven by people who can’t drive, are dubious in quality, and they will sell subprime.
And lose money.
I’m envisioning a Nissan Prius style car that is driven as if the driver is incapable of perceiving reality.
It’s bad enough that the real Prius is driven as if it has no turn signal.
Add to it stereotypical “Nissan Driver” behavior.
Ugh.
happy honda days...
My family has driven only Honda’s and Acura’s for 50 years. Fantastic cars.
Nissans are everywhere. Not sure why they can’t make a profit...they sell a large volume. Maybe the Koreans have been taking the market share idk. Hyundai has come a long way recently.
Hopefully, I agree, but if Honda is stupid enough to merge with Nissan, that probably means the CEOs are clueless about their own industry, trained and hired by people who think a ceo can be a CEO of any company, like it’s some transferable skill. Honda is Honda cause they do
things their own way which sets them apart. The first thing they need to do is ditch the Zero manufacturing Mitsubishi in a heartbeat, that is a worthless useless name brand that should have gone extinct years ago. If they don’t then you know Honda leadership is clueless. They don’t know what makes a Honda a Honda and why they exists. They will prove that they think an automobile is an automobile just like the US market did thru the 70’s. Just make any piece of junk as cheaply as possible and pound your customers to death with marketing until they buy your stupid car.
“...the CEOs are clueless about their own industry...”
I doubt that. Nissan is still a big company, with sales about 75% of Ford’s and 60% of GM’s, despite a 40% drop in sales over the last decade. Throw in Honda and Mitsubishi, and you get a company with much larger sales than GM and more than double Ford.
This sounds more like Japanese government “guidance” to save three industrial powerhouse employers. A similar thing happened to their banking and steel industries.
Mitsubishi Eclipse a.k.a. Dodge Eagle Talon.
A Nissan headquarter is in Franklin, TN it is a traffic mess in that area of Franklin, and hope they move some of the workers to another headquarters.
C’mon, everyone knows Priuses are made by Honda, not Nissan.
/s
(Yes I know they’re Toyotas.)
;-)
Maybe Honda will start having the relibility of Nissan, which should set Honda back ten years.
And the drivers will all be as skilled as the typical Altima driver.
(There’s a subreddit called r/nissandrivers in specific honor of them)
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