5 days ago • 100%

Honda, Nissan and Mitsubishi confirm they are in merger talks

www.theguardian.com Honda, Nissan and Mitsubishi confirm they are in merger talks

Deal would create world’s third-largest carmaker in terms of annual sales amid competition from China

Summary

Honda, Nissan, and Mitsubishi have confirmed merger talks to form the world’s third-largest carmaker by annual sales, aiming to tackle challenges from Chinese competition and the shift to electric vehicles.

The proposed merger, through a joint holding company, seeks to combine resources as Japan’s automakers struggle with declining sales and costly EV transitions, lagging behind leaders like Toyota and Chinese rivals BYD.

Nissan's former CEO Carlos Ghosn criticized the plan, citing overlapping operations, while executives called it a pivotal move amid unprecedented industry changes. Mitsubishi will decide on joining by January's end.

World News @lemmy.world Honda, Nissan and Mitsubishi confirm they are in merger talks

33 comments

It feels like we're heading for more robber barons, sit down strikes, and labor wars. 100 years later, but I suppose the more things change the more they stay the same.

54
- In the end, we will all be working for TacoBell-Disney. I look forward to living in Mega-Chalupa 1.
  
  21
  
  After the great restaurant wars, all restaurants are now Taco Bell...
  
  Demolition Man
  
  11
- It is a cycle and they got us cornered again
  
  3
Who will be the lead going forward? Boeing merged and the shitty side of the merger took over, we see where that’s taken things.

Will Honda become crap after this? Or will Honda clean up the other two?

34
- Honda has been crap for a decade my dude
  Don't take my word for it-
  https://www.reuters.com/article/technology/special-report-how-honda-lost-its-mojo-and-the-mission-to-get-it-back-idUSKCN1BI18M/
  
  -5
  
  I'm surprised there are only 7 Honda drivers on lemmy
  
  1
  
  I’ve never driven one, I know people who’ve had them fof a decade or more and they just wouldn’t die. You’re saying that’s over now, which would certainly fit with the general trend of consumer goods getting crappier over time.
  
  1
- Nissan and Mitsubishi make good cars as well.
  
  Hopefully, there will be a triunvirate for a transitional period and then, as it seems this will be a move like FIAT/Chrysler did when they bought Peugeot-Citroën, creating a new holding parent company, now Stelantis, that will take the best from all.
  
  0
  
  As a mechanic, I feel I have to chime in and say that Mitsubishi makes terrible cars, and Nissan isn't far from it. Honda is a significantly better product in my experience, though turbo failures on their L15 engines are quite common.
  
  29
  
  Lol, no they don't!
  
  6
I love the idea that this picture is from those talks. Like they're all on a stage with white lecterns discussing how to merger.

10
- I want to see them get on each other’s shoulders, jockeying to see who gets on top. Then, they put on a big trench coat with the name of the combined company.
  
  4
Honda is my favourite Street Fighter character

9
- How about in Mike Tyson's Punch-Out! for Nintendo?
  Piston Honda!
  
  1
- not for me until he could move back and forth with that hand slap then. woa. seriously though he was hard hitting like zangief but could torpedo forward to close distance and had area denial.
  
  2
  
  I trained to be just like him but it wasn't until some time after puberty that I could move my right hand that fast
  
  3
- Ohhhh, street fighter. I get it now.
  
  1
Hmm interesting. My take is it's a bit weird. But thinking about it, they could take the revenue from Nissan and put it towards EVs while winding Nissan down - no need to make Nissan ICE cars when you have Honda ICE cars. They're probably betting the income is worth the purchase price.

9
- Nissan makes excellent sports cars. I've also had a Rogue and still have a Pathfinder, which have both been excellent vehicles. Honestly, I see more Nissans on the road where I live in the US than Hondas. Most of the Hondas I see are driven by 60+.
  
  6
- Do the opposite. Don't get rid of the z and the gtr. Honda can keep making their future looking evs and nix their ugly ice cars
  
  4
  
  Honestly an electric GTR would be fuckin’ bonkers. The whole thing of the GTR is how powerful it is so it just makes sense, and it’s not like it’s a manual anyway so that’s fine.
  
  The thing is though that sports car are what car enthusiasts want but most people just don’t care that much these days. And frankly if it doesn’t even matter if companies make fun cars because they’re still going to allow the dealers to slap an extra $20k on the price tag while they wonder why no one is buying the fucking things.
  
  Frankly I’d just like to see Nissan Leaf motors as conversion kits. It wouldn’t make any financial sense for Nissan but if we’re gunna dream…
  
  6
Alright, HonNisubishi. Since you want to buck antitrust laws, let me give you my (totally unqualified) opinion on what you should do going forward:

Decrease your production of personal automobiles and start producing vehicles for the public transit sector. Our cities are choked with cars (some of them yours) and city planners will surely want to place a limit on the number of cars in our cities.

Since Honda already makes motorcycles, make more of those but electric. Hell, you're already showing that you hate competition you might as well buy out Zero Motorcycles which will give a nice head-start in the market.

Discontinue all your gas-powered vehicles and produce electric ones. Yes, this contradicts my first point but some people will still choose to drive so force them to be somewhat environmentally conscious. Your bottom line will thank you.

4.~~BRING BACK THE S2000 AND SKYLINE GT-R AS ELECTRIC SUPERCARS.!!!~~
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