Nissan, Honda, And Mitsubishi Have Agreed To Merge

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Nissan, Honda, And Mitsubishi Have Agreed To Merge

Friday, 28 Feb 2025

Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation have signed a memorandum of understanding (MOU) to explore potential collaboration and business synergies. This agreement builds on a previous MOU signed between Nissan and Honda on August 1, marking the start of a strategic partnership aimed at creating a joint venture focused on artificial intelligence and electric vehicles. The three companies aim to further investigate how they can contribute to the integration of the automotive business, especially in light of significant changes affecting the industry.

Mitsubishi Motors is expected to make a decision by the end of January 2025 regarding its involvement in this integration. Makoto Uchida, Director, President, CEO, and Executive Officer of Nissan, highlighted the importance of collaboration among these three Japanese manufacturers. "It is crucial that Nissan and Mitsubishi Motors are part of this discussion. We hope that if this integration happens, we can provide greater value to a wider customer base," he stated at a press conference on December 23, 2024. Toshihiro Mibe, Director and Executive Officer of Honda, also commented on the potential benefits of Mitsubishi's involvement in the partnership. "At a time when changes in the automotive industry are said to occur once every 100 years, we hope Mitsubishi Motors' participation will lead to further social change, allowing us to be a leading company in creating new value in mobility through business integration," he said.

Meanwhile, Takao Kato, Director, Executive Officer, and President and CEO of Mitsubishi Motors, noted that discussions between Nissan and Honda would accelerate synergies, potentially bringing high value to their collaborative business.

To create synergy and leverage the strengths of each company, we will explore the best forms of collaboration, he said. Regarding this business integration, Honda and Nissan may file a registration statement with the U.S. Securities and Exchange Commission (SEC) for a potential stock transfer. Shareholders of both companies will receive relevant documents, including a prospectus, if the filing occurs.

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