The chief executives of all three held a joint press conference in Tokyo.
"The rise of Chinese automakers and new players has changed the car industry quite a lot," said Honda CEO Toshihiro Mibe, citing technological trends of electrification and autonomous driving.
"We have to build up capabilities to fight with them by 2030, otherwise we'll be beaten."
The two companies would aim for combined sales of 30 trillion yen ($191 billion) and operating profit of more than 3 trillion yen through the potential merger, they said.
They aimed to wrap up talks around June 2025 before setting up a holding company by August 2026, when shares of both companies would be delisted.
هذه القصة مأخوذة من طبعة December 24, 2024 من Financial Express Chennai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 24, 2024 من Financial Express Chennai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
A fresh take on gifting
FERNS & PETALS MUST OFFER A BIGGER BOUQUET
Bumrah set to miss league stage of Champions Trophy
IN A SETBACK for India, strike bowler Jasprit Bumrah is likely to miss the group stage of next month's Champions Trophy due to health reasons.
Devajit, Prabhtej elected BCCI secretary, treasurer
DEVAJIT SAIKIA, an advocate and a former wicket-keeper batsman from Assam, would succeed Jay Shah as the new secretary of the Indian cricket board (BCCI). He was elected unopposed—a poll was not contested as there were no contestants, electoral officer A K Joti stated in his declaration of results—to the seat left vacant after Shah assumed the office of the International Cricket Council chairman in December last year.
SpaDeX: Isro brings satellites within 3-metre in trial attempt
MOVING TO ATTEMPT docking in space, the Indian Space Research Organisation (Isro) brought two SpaDeX satellites as close as 3 metres to each other Sunday morning.
Anthem row intensifies in Tamil Nadu as Governor slams CM
A row between Tamil Nadu Governor R N Ravi and Chief Minister M K Stalin escalated on Sunday after Ravi accused the latter of \"arrogance,\" asserting that respect for the National Anthem and constitutional duties was non-negotiable.
IIT-K Steps In For Cyber Security At Maha Kumbh
WITH THE DIGITAL landscape changing considerably in the 12 years since Maha Kumbh was last held, the Uttar Pradesh government is anticipating a bigger threat this time from misinformation on social media and online frauds, and has roped in experts from IIT Kanpur to address these concerns.
We see early signs of revival, but challenges remain, says TCS CFO
How are AI projects shaping returns?
Jaishankar will be representing India at Trump's inaugural
EXTERNAL AFFAIRS MINISTER S Jaishankar will represent India at the January 20 inauguration of US President-elect Donald Trump.
Unreal is the new real
For the first time, a car ad film has been shot without a car
We've gone all in on AI, putting it into our devices
AT THE CONSUMER Electronics Show (CES) in Las Vegas, Dell announced a new lineup of AI-powered PCs, accompanied by a rebranding effort aimed at simplifying the brand and making it easier to distinguish between different offerings.
