Honda chief executive officer Toshihiro Mibe said synergies from the combined company should lead to an increase in operating profit of more than 1 trillion yen, climbing to 3 trillion yen eventually.

"The rise of Chinese automakers and new players has changed the car industry quite a lot," Honda CEO Toshihiro Mibe told the press conference. "We have to build up capabilities to fight with them ...

Nissan is the top shareholder in Mitsubishi Motors. Honda CEO Mibe Toshihiro said, "As the environment surrounding the automobile industry continues to undergo dramatic global change, the company ...

(From left) Presidents of Nissan Motor Co., Honda Motor Co. and Mitsubishi Motors Corp. -- Makoto Uchida, Toshihiro Mibe and Takao Kato -- attend a joint press conference in Tokyo on Dec. 23 ...

Nissan Motor and Honda Motor are discussing a merger that could create the world’s No. 3 carmaker and leave Japan with just two auto-manufacturing groups. A combination of some sort has been ...

In December, shares have also fallen more than 8%. According to Honda CEO Toshihiro Mibe, the merged company has the potential to bring in 30 trillion yen ($191.4 billion) in revenue and more than ...

Makoto Uchida, Nissan president and CEO (left) with Toshihiro Mibe, Honda director, president and representative executive officer (left). For representation only. The proposed merger would likely ...