Honda and Nissan Shares Rise on Potential Merger Talk
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Good morning. Honda and Nissan may be on the brink of a merger. The cocoa market is taking a hit on a depressing harvest outlook. And Bluey, everyone’s favorite Blue Heeler pup, is heading to the big screen. Listen to the day’s top stories.
Honda and Nissan’s US shares rose after Nikkei reported the automakers are preparing to begin merger talks, which may ultimately include Mitsubishi. Honda said the two firms are exploring various possibilities. The merger could be a lifeline for Nissan, which has stepped up restructuring efforts to cope with stalled revenue growth and lower profits.