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Nissan’s Dollar Bonds Rise on Talks of Potential Merger with Honda
December 18, 2024
Nissan and Honda have reportedly explored a potential merger to better compete with EV makers, particularly in China. In March, the two Japanese automakers agreed to explore a strategic partnership in the EV sector. Although the companies confirmed discussions about future collaborations, they emphasized that no merger deal has been officially announced. The discussions, still in early stages, could face challenges, including political scrutiny in Japan due to potential job cuts and Nissan’s complex alliance with French manufacturer Renault. Additionally, the merger could involve Mitsubishi Motors, as Nissan is its largest shareholder. Analysts have expressed skepticism about a merger’s ability to make Honda and Nissan more competitive, questioning if it would simply delay their decline rather than create a stronger global competitor.
Nissan Motors’ dollar bonds moved higher, with its 4.345% 2027s up 2.7 points to 96.6, yielding 5.7%.
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