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Honda and Nissan officially begin merger talks to create world’s third-largest automaker | Real Time Headlines

The vehicle will go on sale on December 18, 2024 at the Nissan dealership in Libertyville, Illinois.

Scott Olson | Getty Images

Honda's quiet acquisition of Nissan could be 'the best thing that could happen': analyst

In its latest quarterly results, Nissan explain It will cut 9,000 jobs and reduce global production capacity by a fifth.

Peter Wells, professor of business and sustainability at Cardiff Business School’s Automotive Industry Research Center, told CNBC that the carmaker “has been struggling in the market, it’s been struggling domestically, and it’s There is no suitable product line.”European street signs“Last week.

“There are so many warning signs, so many red flags around Nissan right now that something has to happen. Whether that’s the answer is another question,” Wells added.

On April 1, 2024, in Jinhua City, Zhejiang Province, China, employees at the zero sports car factory of Chinese electric vehicle startup company worked on the new energy vehicle assembly line.

What a blockbuster Nissan-Honda merger could mean for the auto industry

This is a breaking news story and will be updated soon.

—CNBC’s Sam Meredith contributed to this article.

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