Nissan and Honda officially unveil merger plans to become the world’s third-largest automaker

  • Nissan and Honda aim to create innovative and eco-friendly vehicles
  • The merger will improve efficiency and reduce costs globally
  • A joint holding company will be listed by August 2026

Published on Dec 24, 2024 at 3:41 PM (UTC+4)
by Daksh Chaudhary

Last updated on Dec 24, 2024 at 3:41 PM (UTC+4)
Edited by Tom Wood

Nissan and Honda, two of the biggest automakers in the world, have announced plans to join forces.

They aim to create a new company that will make them the third-largest automaker globally.

This partnership will help them build better cars, cut costs, and focus on cleaner and safer vehicles.

The move could change the car industry and bring exciting new products for customers everywhere.

DISCOVER SBX CARS: The global premium car auction platform powered by Supercar Blondie

Nissan and Honda join hands to become the third-largest automaker

Honda officially shared the news about the merger plans in their newsroom.

Nissan and Honda signed an agreement to explore this big step, and they already have a blueprint of what are going to do after the merger.

Firstly, they plan to work together to achieve carbon neutrality and make cars that are smarter and safer for everyone.

A big part of their plan is to focus on next-generation vehicles, which will use advanced software to improve how cars work.

The two companies also plan to combine their research and development efforts to help them create new technologies faster and for less money.

By working as one team, they can build cars that are better and more affordable.

The merger has big plans for the future

To reduce the costs further, Honda and Nissan will also improve their factories to make production more efficient.

Then comes the plan to streamline their supply chains, meaning, they will buy materials together, making the process simpler and more cost-effective.

To manage this partnership, Nissan and Honda will create a joint holding company by August 2026, which will be listed on the Tokyo Stock Exchange, and both brands will become its subsidiaries.

With an expected revenue of over 30 trillion yen, this partnership could bring big changes to the car world.

user

Meet Daksh: Not your typical pro, but definitely a pro at being fascinated by supercars, tech, and all things futuristic. When he's not nose-deep in work, catch him glued to anime screens or lost in the pages of a good book.