Merger Talks With Struggling Nissan ‘Not A Rescue’: Honda Chief

Honda and Nissan — Japan’s number two and three automakers after Toyota — are aiming to finalise a merger deal in June 2025, several media outlets said.

By Channels Television

Updated December 23, 2024

Honda’s CEO on Monday denied that it was coming to the rescue of its struggling Japanese industry rival Nissan as the auto giants announced merger talks.

“What I can say clearly now is this is not a rescue,” Toshihiro Mibe told reporters, stressing that one condition for the merger would be for Nissan to complete its so-called “turnaround” plan.

AFP