Honda and Nissan Explore Merger
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 18 December 2024
⏱️ 13 minutes
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| 0:00.0 | Imagine this. A workforce so adaptable, it can pivot whenever your business pivots, and a supply chain that can handle the pressure. That's the revolutionary power of SAP Business AI. And that's just the beginning. Revolutionary technology, real world's results. |
| 0:19.0 | Merger talks between Honda and Nissan. We've got the latest. Plus, Canada tries to dodge |
| 0:25.5 | looming U.S. tariffs by pledging a border crackdown, and AI demand helps solidify Wall Street's |
| 0:32.4 | bet on utility stocks. It's pretty remarkable that investors that we think of as betting on the next generation |
| 0:38.2 | technology are looking at owners and operators of nuclear power plants and gas plants and stuff |
| 0:43.3 | that's been around since the late 1800s. It's Wednesday, December 18th. I'm Luke Vargas for the Wall |
| 0:48.6 | Street Journal and here is the AM edition of What's News, the top headlines and business stories moving your world today. |
| 1:00.2 | We begin with major news out of the auto industry, as Honda and Nissan say they're exploring |
| 1:05.8 | a merger that would combine the two Japanese firms into what could be the world's third largest carmaker by sales. |
| 1:12.8 | Both companies said no final decision had been made, but markets are already moving in response to the possibility of a deal. |
| 1:20.4 | And here with more is Wall Street Journal, Asia Business editor Peter Landers. |
| 1:24.4 | Peter, this isn't official yet, we should be very clear. |
| 1:26.9 | But when both Honda and |
| 1:28.1 | Nissan are confirming that they are, in fact, in talks, I think it's fair to assume there's a reason |
| 1:32.9 | this tie-up might be attractive to both of them. Walk us through that potential rationale, |
| 1:38.2 | if you could. The motivation is probably stronger on Nissan's side because the company has |
| 1:43.6 | been in real trouble. The stock price |
| 1:45.0 | has been way down this year, and they've never really recovered from the arrest of Carlos Gohn |
| 1:51.0 | in 2018, and we all recall how Gone escaped Japan on a private jet, but that was part of broader |
| 1:58.4 | turmoil at Nissan over their relationship with Renault, and Renault had been |
| 2:03.1 | controlling shareholder at Nissan for many years. But finally, Nissan won its independence from Renault last |
| 2:09.0 | year, and no sooner had that happened than they ran into big troubles in China and also in the U.S. |
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