Honda-Nissan-Mitsubishi Merger

[Verbl Kint]

Honda and Nissan to begin merger talks amid EV competition


Automakers eye eventual three-way tie-up with Mitsubishi as industry shifts


TOKYO -- Honda Motor and Nissan Motor will enter negotiations toward a merger, Nikkei has learned, joining their resources to better compete against Tesla and Chinese electric vehicle makers in a rapidly changing automobile industry.

[Monseratto]

The Japanese lost in the smartphone and consumer electronics war vs China and Skorea firms. Unless they can adapt and build cheaper models at the 1.5 million price range without sacrificing quality and features... which I doubt they can.

[Verbl Kint]

Here's an update from Nikkei Asia:

'Foxconn risk' sped up Honda-Nissan merger talks, sources say

TOKYO -- Honda Motor and Nissan Motor entered into merger talks in order to rule out the risk of an acquisition by Taiwan's Hon Pai Precision Industry, also known as Foxconn, according to people familiar with the negotiation.

[Verbl Kint]

Foxconn wants to get into the EV business

[ice15]

Honda, Nissan aim to conclude merger talks in June: source | Kyodo News

[ice15]

How a proposed Honda-Nissan merger could impact car buyers
CBS Mornings

[ice15]

Nissan Is Fighting To Survive But Its Future Looks Grim
CNBC

[willsandwheels]

Good point. Foxconn's been aggressive in EV manufacturing - they've already got partnerships with Stellantis and are building factories in China. Their tech manufacturing expertise could make them a serious EV player. The Japanese automakers are probably defensive about protecting their tech and market position. Smart strategic move by Honda and Nissan to consolidate before someone like Foxconn disrupts their market.

[ice15]

Honda To Nissan: Buy Back Your Shares From Renault If You Want Merger To Happen | CarGuide

Honda isn’t keen on any merger where there could be “undesirable foreign influence.” Honda is concerned that Renault’s 35.7 percent stake in Nissan could be snapped up by a third party while merger negotiations are underway.

[mikejohnny]

Good point. Foxconn's been aggressive in EV manufacturing - they've already got partnerships with Stellantis and are building factories in China. Their tech manufacturing expertise could make them a serious EV player. The Japanese automakers are probably defensive about protecting their tech and market position. Smart strategic move by Honda and Nissan to consolidate before someone like Foxconn disrupts their market.

Yeah, exactly! Foxconn's pushing hard into the EV scene, and their manufacturing know-how could make them a real threat. Honda and Nissan definitely need to move fast to secure their positions before someone like Foxconn comes in and shifts the balance. It’s a smart play on their part, no doubt.