Nissan and Honda shares surged in Tokyo Friday after the auto giants confirmed they scrapped merger talks and Nissan detailed restructuring plans
Honda shares soar 16%
The surge came after the auto giant announced a $7bn buyback.Honda and Nissan expected to begin merger talks
Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants catch up with Chinese rivals and Tesla on electric vehicles. Their collaboration would create the world's third-largest automaker
Honda and Nissan in merger talks as electric vehicle competition intensifies
Tokyo, Japan --Japanese auto giant Honda and its struggling rival Nissan will reportedly begin talks on a merger to boost their strength in electric vehicles, where Chinese brands are racing ahead. At the same time, Taiwanese electronics behemoth Foxconn has approached France's Renault to buy its large stake in Nissan, according...Nissan to shrink EV production costs
The automaker will slash production costs by 30 percent.
Nissan, Honda in tie-up for EVs
The alliance will take on China's dominant EV makers.
Nissan plans self-driving taxi service in Japan
It has been testing self-driving mobility services since 2017.
Honda unveils futuristic EV series
It will introduce a commercial model in the US in 2026.Honda to set up EV plant in Canada
The plant is estimated to cost Honda US$14 billion.Honda to make electric mopeds
It will pour US$3.4bn into the new venture this decade.
Honda to supply Aston Martin engines from 2026
The tie up, announced on Wednesday, comes in the run-up to this weekend's Monaco Grand Prix with Aston Martin a surprise second to world champions Red Bull in the constructors' standings. That lofty position is in no small part down to Fernando Alonso, the two-time former champion who has made...Toyota to spend $5.3 bn expanding Japan, US battery output
Part of the cash is included in a huge two-trillion budget for the development and production of auto batteries that was announced by the Japanese giant in December, a spokesman told AFP. Automakers are speeding up the transition to electric as pressure grows from governments to move away from cars...Honda, LG to invest $4.4 bn
Firms say construction of US plant to begin next year.Honda plans $40bn EV investment
The automaker is switching all sales away from traditional fuel cars.
Chip crunch forces Honda to downgrade profit forecast
Japanese car giant Honda revised its annual profit forecast downwards on Friday, warning it sees no immediate end to the chip shortage and supply-chain issues impacting automakers worldwide.
