Honda Motor Co. Ltd. HMC CEO Toshihiro Mibe reportedly found it difficult to explain why its merger with Nissan Motor Co. Ltd. NSANY is justified. What Happened: Mibe encountered a challenging ...

When asked why Nissan would make a good business partner for the mid-sized automaker, Toshihiro Mibe struggled to find the right words before blurting out something that brought laughter to a room ...

"This is not a rescue," Honda's Mibe told reporters on Monday. A prerequisite for the merger is for Nissan to complete its business turnaround, Mibe added. Honda and Nissan are the second and ...

The proposed deal aims to unify operations under a joint holding company, led by Honda, while maintaining the distinct identities of each brand, according to Honda's president, Toshihiro Mibe.

The potentially multibillion dollar deal to combat "the rise of Chinese power" was a key driver behind the plan, said Honda's chief executive Toshihiro Mibe. Mr Mibe said a plan to "fight back ...

If the deal goes through, the merged group has the potential to deliver revenue of 30 trillion yen ($191.4 billion) and operating profit of over 3 trillion yen, Honda CEO Toshihiro Mibe said.

Honda's president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company. Honda will lead the new management, retaining the principles and ...

In a news conference on Monday, Honda CEO Toshihiro Mibe said the companies needed greater scale to compete in the development of new technologies in electric vehicles and intelligent driving.

FILE - Nissan Chief Executive Makoto Uchida, left, and Honda President Toshihiro Mibe attend a joint news conference in Tokyo, Friday, March 15, 2024. (Kyodo News via AP, File) TOKYO (AP ...