Tag: Honda
-
Honda, Nissan end merger talks as disagreements deepen
Honda Motor Co. and Nissan Motor Co. have decided to terminate discussions on a potential merger, ending the restructuring attempt to create one of the world’s largest automotive groups. Both companies held board meetings on Thursday, where they agreed to withdraw the basic
-
Nissan to end merger talks with Honda
Nissan Motor Co. has formally informed Honda Motor Co. of its decision to terminate merger negotiations. This move would likely bring an end to the restructuring attempt that aimed to create the world’s third-largest automotive group.
-
Honda, Nissan to announce merger details
Honda Motor Co. and Nissan Motor Co. are set to reveal the specifics of their planned merger in mid-February, company officials said on Friday. The two automakers, Japan’s second- and third-largest by volume, previously announced plans to merge under a holding company in 2026 and had initially aimed to disclose further details by the end…
-
Japan’s Honda Motor third-quarter profit drops 40% on discounting, quality costs
Honda Motor Co Ltd on Friday reported a 40.2 per cent drop in third-quarter operating profit, missing market expectations due to higher discounting and quality-related costs. Japan’s third-biggest automaker posted profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier. The result compared with the…
-
Honda Accord owners at serious risk of fire
Owners of Honda Accord cars are at serious risks of fire as Japanese car manufacturing firm, Honda, has announced on Thursday after receiving multiple reports of the cars’ battery sensors causing fires in the engine, CNN reports. As a result, Honda has said it would recall nearly 1.2 million Accord vehicles produced between 2013 and…
-
Wannacry ransomeware hits again, forces Honda shutdown
WannaCry ransomware worm has struck again, this time prompting Honda shutdown halting production in one of its Japan-based factories after finding infections in a broad swath of its computer networks, according to media reports. Reuters reported on Wednesday Honda shutdown its Sayama plant northwest of Tokyo on Monday after finding that WannaCry had affected its…