Embattled Honda and Nissan are in talks to merge at a time of auto industry upheaval. The post 3 Powerful Forces Driving Honda And Nissan Into Each Other's Arms appeared first on Investor's Business Daily.
American depositary receipts (ADRs) of Honda (HMC) advanced Tuesday after Moody's gave a positive outlook about the potential merger between the automaker and Japanese rival Nissan.
Investors have been keenly watching both Honda Motor Co Ltd (TYO: 7267) and Nissan Motor Co Ltd (TYO: 7201) ever since the two legacy car companies announced plans of a merger to create the world's third-largest automaker.
Honda and Nissan expect big benefits from their potential merger to create the world's third-largest auto group but intense competition from China raises questions about whether they can make it work in time.
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