Honda, Nissan announce merger: Signed MOU

Japanese marques - Nissan (Nissan Motor Co., Ltd.) and Honda (Honda Motor Co., Ltd.), have today signed a memorandum of understanding (MOU) to begin business integration and establish a joint holding company. In addition, Honda, Nissan, and Mitsubishi signed an MOU on March 15 to fast-forward the process of achieving a zero-traffic fatality and carbon-neutral society.

Marking the announcement, Nissan Director, President, CEO and Representative Executive Officer Makoto Uchida said: "Today marks a pivotal moment as we begin discussions on business integration that has the potential to shape our future. If realized, I believe that by uniting the strengths of both companies, we can deliver unparalleled value to customers worldwide who appreciate our respective brands. Together, we can create a unique way for them to enjoy cars that neither company could achieve alone."

Honda Director and Representative Executive Officer Toshihiro Mibe said: "Creation of new mobility value by bringing together the resources including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing. Honda and Nissan are two companies with distinctive strengths. We are still at the stage of starting our review, and we have not decided on a business integration yet, but in order to find a direction for the possibility of business integration by the end of January 2025, we strive to be the one and only leading company that creates new mobility value through a chemical reaction that can only be driven through the synthesis of the two teams."