Nissan, Honda and Mitsubishi want to merge business – UNIAN
A new mega-holding may emerge in Japan, capable of becoming the first in the world in terms of the number of cars sold.
Japanese automobile giants Nissan and Honda have signed a memorandum of understanding to create a joint holding company. This is stated in their joint press release.
According to the agreements, the companies plan to complete the business combination by August 2026. It is then that a new holding should appear. The senior partner with greater influence in the new company will be Honda. She will have the right to appoint to most management positions, including the president of the holding, who will also be a representative of Honda.
After the creation of the holding, its shares will be traded on the Tokyo Stock Exchange, while the shares of Honda and Nissan will be removed from public…
