Nissan CEO Makoto Uchida announced a desperate new bid to reverse the company’s mounting losses after a planned merger with Honda collapsed. The second-largest Japanese automaker now plans to close three plants, reduce U.S. production and eliminate thousands of jobs. The announcement came as Uchida revealed still more losses for Nissan’s latest fiscal quarter.
As new details about the proposed merger between Honda and Nissan emerge into the spotlight, it might not be as equal as some anticipate with more evidence pointing to Honda taking a firm leadership role.
The new year is likely to be a big year when it comes to the auto industry, especially with a new president coming into office who has signaled plans to scrap EV sales incentives and enact hefty new tariffs on imported auto parts and fully assembled vehicles. We’ve...
Honda and Nissan are moving forward on talks that could move past simple collaboration. The two Japanese automotive giants may set up a joint holding company, according to a report, though they so far are denying that a merger is in the works. Here’s the latest.