Honda And Nissan In Talks About Potential Merger

CNN Business reports:

Honda and Nissan are discussing a possible merger, potentially bringing together two Japanese automaking titans that have recently fallen on hard times.

The companies said in statement that they have been in talks, but they offered no details or timeframe for when a deal – if one should develop – may be completed. It’s also not clear what shape the possible joint-venture could take. Nikkei first reported the news of a potential tie-up Tuesday.

“As announced in March, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths,” the companies said in a statement Tuesday. “If there are any updates, we will inform our stakeholders at the appropriate time.”

Read the full article.

Photo: Honda CEO Toshihiro Mibe.

Honda and Nissan are

READ MORE OF THIS POST AT Joe My God