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Bond Market News
Honda Considering Resuming Merger Talks With Nissan
February 18, 2025
Honda Motor is considering resuming talks with Nissan Motor to form the world’s fourth-largest automaker, contingent on Nissan CEO Makoto Uchida stepping down, according to the Financial Times. The two companies had previously discussed creating a $60bn firm, but negotiations collapsed last week due to Nissan’s struggles with a lack of hybrid models in the US and competition from Chinese rivals. Honda has reportedly expressed interest in resuming talks if Nissan has a new leader who can manage internal opposition more effectively. Nissan, which is undergoing a turnaround plan to reduce its workforce and manufacturing capacity, has faced declining sales and management issues. Uchida, under pressure to turn the company around, has been urged by board members and Nissan’s French partner, Renault, to step down following the failed merger talks.
Nissan’s bonds traded stable with its 5.55% 2029s at 96.7 cents on the dollar, yielding 6.39%
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