Nissan Motor shares surged over 20% on Wednesday following a Nikkei report about a potential merger with Honda Motor. The report suggests the automakers plan to operate under a holding company, with Mitsubishi Motors also potentially joining. While Honda shares slipped 3%, Mitsubishi closed over 19% higher. Nissan denied confirming any integration plans but acknowledged exploring collaborations. Combined sales of the three companies could exceed 8 million vehicles annually, placing them among the world's largest automakers but still trailing Toyota and Volkswagen.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Nissan Motor shares surged over 20% on Wednesday, following a Nikkei report about a potential
00:07merger with Honda Motor.
00:08The report suggests the automaker's plan to operate under a holding company, with Mitsubishi
00:12Motors also potentially joining.
00:14While Honda shares slipped 3%, Mitsubishi closed over 19% higher.
00:19Nissan denied confirming any integration plans, but acknowledged exploring collaborations.
00:24Combined sales of the three companies could exceed 8 million vehicles annually, placing
00:28them among the world's largest automakers, but still trailing Toyota and Volkswagen.
00:32For all things money, visit Benzinga.com slash GSTV.