G02 & 03, Block, 3, Skudai Lbh, Danga Bay, 80200 Johor Bahru, Johor, Malaysia
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Honda and Nissan have signed a memorandum of understanding (MoU) to start discussions and considerations toward the formation of a joint holding company. The new company will be listed on the Prime Market of the Tokyo Stock Exchange (TSE) by August 2026. Both Nissan and Honda will become wholly owned subsidiaries of the joint holding company. As a result of this reorganization, both companies will be de-listed from the TSE. The shareholding structure of the holding company is yet to be decided,
Hans
23.12.2024
Taiwan’s Hon Hai Precision Industry Co., better known as Foxconn, is in talks with Renault to purchase the latter’s controlling stake in Nissan, reports Taiwan’s Central News Agency (CNA). Renault owns 35.7% of Nissan; 17% is owned directly by Renault, while the remaining 18.7% is held via a French trust. According to CNA, Foxconn had initially approached Nissan directly but was rebuffed, prompting the Japanese automaker to accelerate talks with Honda. Separately, Japan’s business publication Di
Hans
20.12.2024
Always the bridesmaid, never the bride, the B17 second-generation Nissan Sylphy is one of those used cars that are vastly underrated and easily overlooked when hunting for a good bargain. Perhaps due to its subdued styling, it doesn't garner as much interest as the more mainstream Honda and Toyota models. However, where it lacks excitement, it makes up for it with sound reliability, comfort, and far more space and practicality than its peers. With prices now starting at just RM 25k, one could be
Arvind
19.12.2024
Taiwan’s Hon Hai Precision Industry Co., better known as Foxconn, has approached Nissan with an offer to acquire a controlling stake in the troubled Yokohama-based carmaker. According to Japanese business publication Diamond Online, Foxconn’s approach is being made independently of Honda, which is also in talks with Nissan regarding a potential merger. The publication further reported that negotiations with Honda were 'encouraged' by Nissan's main bank, Mizuho Bank, and Japan’s Ministry of Econo
Hans
19.12.2024
It looks like Nissan, which is facing some troubling times, might have a rescuer in the form of rival Honda. According to reports cited by Japan's Nikkei, both Japanese automotive giants are reportedly entering a discussion of a merger. The business daily reported that Japan’s No. 2 and No.3 automakers are looking to operate under a single holding company and will soon sign a memorandum of understanding (MoU) for the new entity. This new holding company will also consider bringing in Mitsubishi
CY Foong
18.12.2024
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