“A new mega-holding may emerge in Japan, capable of becoming the first in the world in terms of the number of cars sold.”, — write: www.unian.ua
A new mega-holding may emerge in Japan, capable of becoming the first in the world in terms of the number of cars sold.
The brands themselves will remain, but will act in a coordinated manner / collage UNIAN, photo REUTERSJapanese car giants Nissan and Honda signed a memorandum of understanding to create a joint holding company. This is stated in their joint press release.According to the agreements, the companies plan to complete the business combination by August 2026. That’s when a new holding should appear. Honda will be the senior partner with more influence in the new company. She will have the right to appoint to most management positions, in particular, the president of the holding will also be a representative of Honda.
After the creation of the holding, its shares will be traded on the Tokyo Stock Exchange, while the shares of Honda and Nissan will be removed from open trading.
According to the plan, the cars will continue to be produced under two separate brands, but the companies will use a common vehicle platform and generally combine their engineering and scientific efforts to optimize costs and production capacity and strengthen their competitiveness.
As Bloomberg writes, Mitsubishi Motors, which is already a long-time partner of Nissan, can join the newly created holding. Its decision is expected by the end of January 2025.
It is noted that the creation of such a powerful association of car manufacturers will allow this brand to compete not only with Toyota Motor (the world leader in sales), but also with Chinese manufacturers, in particular BYD and Geely, which are rapidly gaining weight in the world market. Especially in terms of technological transition – from internal combustion engines to electric vehicles
Other automotive newsAs UNIAN wrote, over 5.2 thousand diesel cars were sold in Ukraine during November. This is about a third less than in the same period last year. Of them, only about 1.5 thousand were new cars, while 3.7 thousand were used ones imported from abroad.
We also talked about which new cars are the most popular in Ukraine. So, the first five included Toyota RAV4, Volkswagen Tiguan, Renault Duster, Honda X-NV and Toyota Land Cruiser Prado.
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