Announced in the past hours Nissan, Honda and Mitsubishi Motor An official statement was made about their relationship.
The exact sharing was as follows: “Nissan and Honda signed a memorandum of understanding (MOU) to begin discussions and evaluations regarding commercial integration between the two companies through the establishment of a joint holding company. To further accelerate efforts to achieve a carbon-neutral and zero-traffic society, Nissan and Honda signed a Memorandum of Understanding on March 15 on a strategic partnership for the era of vehicle intelligence and electrification. Since then, the two companies have held talks aimed at cooperation in various fields. On August 1, both companies signed another Memorandum of Understanding to deepen the framework of the strategic partnership. The companies also announced that they agreed to conduct joint research. These are to advance focused processes towards more concrete collaboration for intelligence and electrification with core technologies in the field of platforms for next-generation software-defined vehicles (SDVs).
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Throughout the process, Nissan and Honda held discussions considering various possibilities and options. At the same time, the pace of both companies’ technological innovations for the automotive industry continued to increase. The Memorandum of Understanding announced today between Nissan and Honda aims to maintain global competitiveness and serve as an option for the two companies to continue providing more attractive products and services to customers around the world.
If business integration can be achieved, both companies will be able to aim to integrate relevant management resources such as information, human resources and technologies. It will be able to increase its ability to respond to market changes and expect to increase medium to long-term enterprise value. In addition, Nissan and Honda intend to further contribute to the development of Japan’s industrial base as a “leading global mobility company” by integrating their passenger vehicle and motorcycle power product businesses, continuing to make the brands of both companies more attractive and innovative to customers around the world. will be able to aim to offer products and services.
Making the announcement, Nissan Director, President, CEO and Executive Representative Makoto Uchida said: “Today marks a pivotal moment as we begin discussions on business integration that has the potential to shape our future. If realized, I believe that by combining the strengths of both companies, we can deliver unique value to our customers who appreciate our brands around the world. “Together, we can create a unique path that no company can achieve alone.”
Honda Director and Deputy Chief Executive Officer Toshihiro Mibe said: “Creating new mobility value by bringing together resources including knowledge, skills and technologies is an approach that Honda and Nissan have been developing for many years. It is an essential plan to overcome the challenging environmental changes facing the automobile industry. Honda and Nissan are two companies with different strengths. We are still in the process of starting our review and have not yet decided on a business integration, but to find a direction for the possibility of business integration by the end of January 2025, we are trying to be the only and leading company creating new mobility value that can only be driven by the synthesis of two teams.
Nissan and Honda will establish an integration preparatory committee and conduct focused discussions to facilitate a seamless integration. Based on the committee’s discussions as well as case results, companies will conduct more specific reviews and analyses. “The integration of Nissan and Honda will be able to aim to become a world-class mobility company with sales revenue exceeding 30 trillion yen and operating profit of more than 3 trillion yen.”