Nissan and Honda confirm merger talks – possibility for “business integration” by the end of January 2025

Nissan and Honda have confirmed that they are in merger talks as they aim to maintain “global competitiveness”.

The carmakers have signed a memorandum of understanding to start discussions and considerations toward a business integration between the two companies

The move will strengthen the two companies’ position, and “contribute to the development of Japan’s industrial base as a ‘leading global mobility company'”.

Makoto Uchida, Nissan’s director, president and chief executive, called the start of discussions a “pivotal moment”, adding: “If realised, I believe that by uniting the strengths of both companies, we can deliver unparalleled value to customers worldwide who appreciate our respective brands. Together, we can create a unique way for them to enjoy cars that neither company could achieve alone.”

Honda director and representative executive officer Toshihiro Mibe added: “Creation of new mobility value by bringing together the resources including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing. Honda and Nissan are two companies with distinctive strengths.

“We are still at the stage of starting our review, and we have not decided on a business integration yet, but in order to find a direction for the possibility of business integration by the end of January 2025, we strive to be the one and only leading company that creates new mobility value through chemical reaction that can only be driven through synthesis of the two teams.”