Honda Motor and Nissan Motor have delayed plans to unveil additional particulars about their deliberate merger till mid-February or later, revised from the earlier schedule of the top of January, as they proceed to work via the finer particulars of the plan.
The 2 carmakers introduced in December they deliberate to start “discussions and concerns” in the direction of absolutely integrating their automotive companies underneath a brand new joint holding firm. Based on native studies, Honda needs Nissan to step up in restructuring efforts forward of the deliberate merger.
Nissan introduced in November that it deliberate to chop 9,000 jobs, or 6% of its 133,000-strong international workforce, and cut back manufacturing capability by 20% after it reported a 90% drop in web earnings within the first half of the present fiscal yr – between April and September 2024.
There are different important concerns to be labored via. Because the authentic merger plan was introduced, Mitsubishi Motors has indicated that didn’t anticipate to hitch the merged firm. The corporate is predicted to announce later within the month its choice to retain managerial management of its operations and keep its standing as a listed firm, whereas persevering with to collaborate carefully with Honda-Nissan.
“Honda, Nissan delays launch of merger particulars” was initially created and printed by Simply Auto, a GlobalData owned model.
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