According to Kyodo News citing sources, Nissan Motor’s President informed Honda Motor on Thursday of the company’s intention to terminate merger talks, marking the end of an initiative that could have established the world’s third-largest automotive group. If Nissan’s decision to terminate merger talks with Honda is finalized, it could pave the way for Foxconn to pursue a potential acquisition of Nissan, as indicated by MoneyDJ, citing Nikkei. The MoneyDJ report highlights that dissolving the memorandum of understanding (MOU) between ...

Nissan Motor Co., Ltd. ("Nissan") and Honda Motor Co., Ltd. ("Honda") have signed a memorandum of understanding (MOU) to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company. To further accelerate their efforts toward achieving a carbon-neutral society and a zero-traffic-fatality society, Nissan and Honda signed an MOU on March 15 regarding a strategic partnership for the era of vehicle intelligence and electrification. Since then, the two companies have...

Honda is celebrating a quarter-century of hybrid-electric sales in America, a legacy that began with the original Honda Insight, the first mass production hybrid-electric vehicle ever sold in the United States, and continues today with hybrid-electric vehicles playing a key role in the company's electrification strategy. Over 25% of Honda brand sales today are hybrid-electric vehicles, with the Civic, Accord and CR-V each powered by Honda's award-winning two-motor hybrid-electric system. Launched in December 1999, the all-new Honda Insight was designed from the g...