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Honda and Nissan officially begin merger talks to create the world’s third largest automaker


The vehicles will go on sale at a Nissan dealership on December 18, 2024 in Libertyville, Illinois.

Scott Olson | fake images

A quiet acquisition of Nissan by Honda could be

In its most recent quarterly results, Nissan said it would cut 9,000 jobs and reduce global production capacity by a fifth.

The automaker has “been struggling in the market, it’s been struggling at home, it doesn’t have the right product line,” Peter Wells, professor of business and sustainability at Cardiff’s Automotive Industry Research Centre, told CNBC. Business School. Street Signs Europe” last week.

“There are so many warning signs, so many red flags around Nissan right now that something had to happen. Whether this is the answer is another question,” Wells added.

Employees work on the new energy vehicle assembly line at a factory of Chinese electric vehicle startup Leapmotor on April 1, 2024 in Jinhua, China's Zhejiang province.

Here’s what a successful Nissan-Honda merger could mean for the auto industry

This is breaking news and will be updated shortly.

— CNBC’s Sam Meredith contributed to this story.



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