Nissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported.
Nissan holds a majority stake with Mitsubishi. That actually might be worth something to Honda, and they also seem to be able to produce some cheap evs, like the leaf which Honda doesn’t seem able to do currently.
Auto I believe, but that still might be useful. They have access to Cummins engines, which are basically one of the only manufacturers that meet the next phase of ghg emissions requirements. Plus since Honda seems to be retooling their factories for solid state batteries, it might allow them to produce some stop gap evs without relying on other manufacturers like GM (Hondas latest is just a rebadged Chevy Blazer EV).
Nissan has been a dumpster fire for two decades. Honda should steer clear.
Nissan holds a majority stake with Mitsubishi. That actually might be worth something to Honda, and they also seem to be able to produce some cheap evs, like the leaf which Honda doesn’t seem able to do currently.
Mitsubishi the conglomerate or Mitsubishi the automaker? The former seems good but not the latter.
Auto I believe, but that still might be useful. They have access to Cummins engines, which are basically one of the only manufacturers that meet the next phase of ghg emissions requirements. Plus since Honda seems to be retooling their factories for solid state batteries, it might allow them to produce some stop gap evs without relying on other manufacturers like GM (Hondas latest is just a rebadged Chevy Blazer EV).
They definitely need to pump the brakes on this potential merger.
On the other hand, maybe a merger will help them get their shit together and compete with Toyota.