Completion of the final business combination agreement is scheduled for June 2025, which will become effective in August 2026.
Japanese automakers Nissan Motor and Honda Motor have signed a memorandum of understanding to begin merging their businesses through the creation of a holding company. This was stated in a joint statement of the automakers.
Nissan and Honda plan to create a holding company through a joint transfer of shares, which will be the parent of both companies. The holding’s shares will be listed on the Tokyo Stock Exchange.
“Both Nissan and Honda will be wholly owned subsidiaries of the joint holding company. In addition, the companies plan to continue coexistence and develop the Honda and Nissan brands equally,” said of the document.
Completion of the final business combination agreement is scheduled for June 2025, which will become effective in August 2026.
In the past, the media wrote that Honda and Nissan were in talks to deepen the relationship, including a possible merger. Their combination will create a $54 billion company with an annual production of 7.4 million vehicles, making it the third largest auto group in the world.
Source: korrespondent
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