Transportation
Honda Crafts Nissan Rescue Plan That Plays Out Over Years
- The two aim to form holding company that lists in August 2026
- Honda CEO sees combined company being competitive by 2030
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Honda Motor Co. sketched plans for a drawn-out deal that amounts to an acquisition of Nissan Motor Co., as Japan’s automakers struggle to keep up in an increasingly competitive global car industry.
The two announced a tentative agreement Monday to set up a joint holding company that will aim to list shares in August 2026. While their executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors. Nissan’s partner Mitsubishi Motors Corp. may also participate in the deal.