Eastern auto giants Honda and Nissan on Monday yes to initiation talks on a merger unhidden as a bid to meet up with Chinese language opponents and Tesla on electrical cars.
The 2 corporations, along side Mitsubishi Motors, “have signed a memorandum of understanding to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company,” a joint remark mentioned.
In the meantime, the duo mentioned Monday they try to record a brandnew protecting corporate in August 2026 because the pair introduced they’re getting into talks on a merger.
“Shares of the newly established joint holding company under consideration are planned to be newly listed (technical listing) on the prime market of the Tokyo Stock Exchange. The listing is scheduled for August 2026,” some other joint remark mentioned.
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AFP
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