Tag #Merger

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Honda-Nissan Merger Talks Send Stocks Soaring Amidst Chinese Competition

Following reports of merger talks, Honda and Nissan stocks soared, driven by analysts' belief that a combined entity would create a powerful Japanese automaker capable of challenging the growth of Chinese competitors in the electric vehicle market, particularly BYD.

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apnews.com
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Biden to Decide Fate of Nippon Steel's U.S. Steel Acquisition

President Joe Biden will decide within 15 days whether to block a nearly $15 billion deal for Nippon Steel of Japan to purchase U.S. Steel, after a government panel failed to reach consensus on national security risks; the United Steelworkers union opposes the deal, while Nippon Steel promises signi...

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english.kyodonews.net
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Biden to Decide Fate of U.S. Steel's $14.1 Billion Sale

President Biden will decide within 15 days whether to approve Nippon Steel's $14.1 billion acquisition of U.S. Steel after a federal panel failed to reach a consensus, despite Nippon Steel's pledges to maintain U.S. jobs and operations and counter China's steel dominance.

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abcnews.go.com
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CFIUS Deadlocks on Nippon Steel-U.S. Steel Merger, Decision Rests with Biden

President Joe Biden will decide the fate of a proposed $14.9 billion deal for Nippon Steel to acquire U.S. Steel after a government panel deadlocked on national security concerns; Biden previously opposed the deal citing concerns over domestic ownership and operation.

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cnbc.com
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Ghosn Warns of Nissan Job Losses in Honda Merger

Former Nissan CEO Carlos Ghosn voiced concerns that a planned merger between Nissan and Honda, announced Monday, would lead to significant cost-cutting at Nissan, while the companies stated that the merger would create the world's third-largest automaker with $54 billion market capitalization.

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dw.com
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Honda and Nissan to Merge, Creating World's Third-Largest Automaker

Honda and Nissan, Japan's second and third-largest automakers, announced a merger agreement on Monday, aiming to create the world's third-largest car company by August 2026, driven by competition from Chinese automakers and financial pressures.

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europe.chinadaily.com.cn
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Nissan-Honda Merger to Create \$191 Billion Auto Giant

Nissan and Honda announced plans to merge, forming a joint holding company by June 2025 with Mitsubishi potentially joining; the new entity aims for \$191 billion in annual sales and \$19 billion in operating profit, creating the world's third-largest auto group.

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smh.com.au
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Honda and Nissan to Merge, Forming World's Third-Largest Automaker

Japanese automakers Honda and Nissan plan to merge by August 2026, forming the world's third-largest automaker with Mitsubishi Motors also participating, to enhance competitiveness in the rapidly evolving electric vehicle market and compete with global leaders such as Toyota and Volkswagen.

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Industry, Innovation, and Infrastructure
dw.com
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Honda and Nissan to Merge, Creating World's Third-Largest Automaker

Honda and Nissan, Japan's second and third-largest automakers, announced a basic agreement to merge, aiming to create the world's third-largest car company by 2026, driven by intensifying competition from Chinese EV manufacturers and the global shift towards electric vehicles; Mitsubishi is also con...

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nbcnews.com
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Ghosn Warns of Nissan Job Losses in Potential Honda Merger

Former Nissan CEO Carlos Ghosn expressed concerns about a potential Nissan-Honda merger, predicting that Nissan would face significant cost-cutting measures and job losses due to operational overlaps; the merger aims to create the world's third-largest automaker by combining resources for EV develop...

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faz.net
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Japanese Automakers to Merge Amidst EV Market Challenges

Faced with intensifying competition and declining electric vehicle sales, Honda, Nissan, and Mitsubishi signed a preliminary agreement on Monday to explore a potential merger, creating a global automotive giant.

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us.cnn.com
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Honda and Nissan to Explore Merger Amidst Chinese Competition and Nissan's Financial Crisis

Honda and Nissan formally agreed to explore a potential merger within six months, aiming to form the world's third-largest automaker to counter Chinese competition and address Nissan's severe financial issues, including a 94% profit drop in the last six months and planned job cuts.

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