Honda nissan merger: A big news is coming in the global automobile industry. There may be a merger of two big auto companies of Japan. Honda Motor Company and Nissan Motor Company are reportedly talking about a possible merger. This will give a new shape to the Japanese automotive industry and may emerge as a big competitor for Toyota Motor Corporation. Bloomberg has given this information in one of its reports quoting people associated with the case. The talks are still in the initial stages. Options like merger, capital i-up or forming a holding company are being discussed between the two companies.
Nissan shares jumped 24%
After reports of the talks emerged, Honda Executive Vice President Shinji Ioyama confirmed on Wednesday that the company is evaluating various strategic options, including a possible merger. After this news, Nissan shares rose 24 percent in early trading. While Honda shares fell 3.4 percent.
