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World Business Report
Honda and Nissan join forces to take on China
Dec 23, 2024
Honda and Nissan are considering a merger to tackle the fierce competition from the Chinese automotive market, aiming to become the world's third-largest car manufacturer. They face historical challenges and financial strains as they explore a partnership focused on mutual self-sufficiency. Meanwhile, Norway is leading the electric vehicle revolution with a stunning 94% of new car sales being electric. The podcast also touches on the complex landscape of U.S. trade policies and the wellness industry's darker sides, revealing stories of coercion within a global yoga network.
26:24
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Quick takeaways
- The potential merger between Honda and Nissan aims to create a stronger competitor in the automotive market amidst intense threats from Chinese manufacturers.
- Norway's impressive shift to electric vehicles demonstrates how effective government incentives can facilitate widespread adoption of sustainable transportation solutions.
Deep dives
Nissan and Honda Consider Merger Amidst Challenges
Nissan and Honda are exploring a potential merger that could create the third largest automaker globally, amidst Nissan’s financial struggles, which include a significant 93% drop in net profits and impending job cuts. Honda's CEO clarified that this partnership would be founded on Nissan’s ability to implement a turnaround strategy rather than solely acting as a bailout for the struggling company. Former Nissan CEO Carlos Ghosn expressed skepticism regarding the merger's viability, highlighting the lack of complementary strengths between the two firms, which may lead to redundancy rather than synergy. The automotive market is undergoing intensive scrutiny due to rising competition from China, making adaptations in business strategies crucial for survival.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode