Honda CEO Mibe says Nissan tie-up is 'close to announcement'
Honda CEO Toshihiro Mibe says a planned tie-up with fellow Japanese carmaker Nissan is 'close to announcement'. The comment raises expectations for cooperation talks between the two manufacturers.
Honda CEO Toshihiro Mibe says a planned tie-up with fellow Japanese carmaker Nissan is 'close to announcement'. According to Nikkei Asia, the comment has strengthened expectations about cooperation talks between the two companies.
A possible partnership between two of Japan's leading carmakers carries the potential to deliver economies of scale in spending on electric vehicles and software. The industry is leaning toward consolidation under pressure from global competition and the technology transition.
The details of any announcement will be decisive in terms of the scope of cooperation and which areas it covers. Investors and suppliers are awaiting the statement for signals about the future of Japan's auto sector.
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