The Japanese government positively assesses the ongoing negotiations for a possible merger of automobile corporations Honda Motor and Nissan Motor. This was stated at a press conference in Tokyo by Economy, Trade and Industry Minister Yoji Muto.
“Overall“, he said, “this can be viewed positively as a step towards increased competitiveness.“ The minister also expressed the opinion that the merger will lead to an increase in the capitalization of both corporations.
The management of Honda Motor and Nissan Motor earlier announced the start of preliminary negotiations for a possible merger in some form. According to the press, this is due to increasing competition with Chinese automakers in sales of electric vehicles.
In the event of a merger, the global automotive industry will have the third largest corporation in the world, second only to Japan's Toyota and Germany's Volkswagen. This step will attract investment to more actively compete with the American Tesla and Chinese BYD, which are leaders in the global electric vehicle market.