Search Site

Trends banner

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Nissan, Honda in tie-up for EVs

Makoto Uchida, president and CEO of Nissan (L) and Toshihiro Mibe, Honda director, president and representative executive officer attend a joint press conference in Tokyo.
  • The MoU could include cooperation on a common EV powertrain and joint procurement of batteries and other components
  • The firms announced a joint news conference at 3:30 pm (0630 GMT) in Tokyo without giving further details at this point in time

Tokyo, Japan–Japanese auto giants Nissan and Honda will announce a tie-up in developing electric vehicles on Friday, local media said, an alliance aimed at taking on China’s dominant manufacturers.

The memorandum of understanding could include cooperation on a common EV powertrain and joint procurement of batteries and other components, the reports said.

The firms announced a joint news conference at 3:30 pm (0630 GMT) in Tokyo without giving further details.

Nissan was not immediately available for comment and Honda declined to answer questions on the reports.

The sources, who declined to be identified as the matter is still private, said Nissan and Honda are yet to formally start discussions, with the scope of the partnership undecided.

Another source said the idea of collaboration emerged between the chief executives of the companies.