Japanese car companies nissan engine and honda motor They began negotiations this Monday for their merger that they hope to conclude in June 2025, with the holding company going public in August 2026, as announced in a joint press conference.
This Monday, both companies, two of the main ones in the Asian country, held a press conference in Tokyo where they announced the start of their talks, whose objective is the birth of the world’s third largest automotive manufacturer by sales volume, behind the also Japanese Toyota Motor and the German Volkswagen AG.
“The companies signed a memorandum of understanding today in which they defined the next steps and with which they seek to “combine their strengths and reduce their weaknesses,” explained the president and CEO of nissan, Makoto Uchidaduring the press conference.
- Mitsubishi Motorsof which nissan owns 34%, it is also considering what its role will be within this new union and said it will give its response at the end of January, as explained by its president, Takao Kato, who held the conversations between nissan and Sling.
Toshihiro Mibe, president of Slinghighlighted the complex environment faced by the automobile industry and highlighted the need to improve the value chain and incorporate new technologies such as electrification or smart vehicles.
According to Mibe, the synergies of the new company They could generate an operating profit of 1 trillion yen (6,000 million euros), with the aim that in the future it could be 3 trillion yen (18,000 million euros).
“This is a transformation that occurs once to the centuryis changing the motor landscape. From a mobility perspective, the value will change and it will change quickly. By 2030, we must have the appropriate weapons to be competitive,” Mibe said.
Be more competitive
The leader of Sling considers that the integration of companies is the only way to maintain competitiveness facing new startups, especially in regions like China.
“If integration occurs, we will have more freedom to choose the best strategy“he concluded.
According to Uchida, starting talks now will help combine the strength of both companies and this will result in a greater competitiveness.
In March, nissan revealed that he was in talks with Sling for the possible creation of an alliance in the production of components and ‘software‘ for electric vehicleswith a view to reducing costs and enhancing its competitiveness in the midst of the expansion of this market.
In August, Mitsubishi Motors He also joined the negotiations to be part of the hypothetical alliance.
The information about the possible merger that would leave the automobile industry Japanese company divided into two large groups – the new joint venture and the one set up by Toyota – comes after the Taiwanese electronics giant Hon Hai Precision Industry – which operates under the name Foxconn – supposedly expressed its interest in acquiring part of nissan.
The Yokohama-based firm would have accelerated its contacts with Sling with a view to avoiding the purchase offer of the Taiwanese company, interested in its development capabilities electric vehiclesas well as in its manufacturing technology.
