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Nissan Share Rally Burns Traders in Asia's Most-shorted Carmaker
Express News | Japanese stock market close: The Nikkei 225 Index fell by 0.69%, Rakuten Group dropped nearly 8%, and Nissan Autos rose again by over 6%.
Europe Car Sales Dip as Automakers Battle Consumer Slowdown
Honda has reportedly threatened Nissan to resist Foxconn's acquisition, or it may terminate the Global Strategy cooperation relationship.
On December 19, Gelonghui reported that Honda Motor threatened to terminate its Global Strategy Software partnership with Nissan if Nissan seeks to collaborate with Hon Hai. It was reported that if Hon Hai turns to a hostile takeover after being rejected, Honda would also protect Nissan in the role of a "white knight." These two Japanese companies may officially start negotiations as early as December 23, including a possible merger.
It is rumored that Fujifilm Holdings Corporation Unsponsored ADR intends to intercept and acquire Nissan (NSANY.US), and Honda (HMC.US) has stated harshly: If the two cooperate, I will withdraw.
According to reports, Honda Motor threatened Nissan Motor that if Nissan wishes to partner with Fujifilm Holdings Corporation Unsponsored ADR, Honda will terminate its Global Strategy software cooperation with Nissan Motor.
S&P: The merger between Honda and Nissan will not have a quick profit effect.
On December 19, Glonghui reported that S&P pointed out that the merger between Honda and Nissan will not quickly bring benefits, primarily because Auto Manufacturers first need to adjust their strategy, and overlapping regional markets will limit sales revenue. The report stated that although the potential Trade could form an automotive company valued at 54 billion dollars, making it the third largest Global automotive company, any Bullish impact on its credit outlook will be delayed. The firm added that the merger could have a negative impact on Honda's independent credit outlook, while it should have a positive effect on Nissan.