this post was submitted on 23 Dec 2024
146 points (100.0% liked)

Economics

468 readers
4 users here now

founded 2 years ago
 

Summary

Honda, Nissan, and Mitsubishi have confirmed merger talks to form the world’s third-largest carmaker by annual sales, aiming to tackle challenges from Chinese competition and the shift to electric vehicles.

The proposed merger, through a joint holding company, seeks to combine resources as Japan’s automakers struggle with declining sales and costly EV transitions, lagging behind leaders like Toyota and Chinese rivals BYD.

Nissan's former CEO Carlos Ghosn criticized the plan, citing overlapping operations, while executives called it a pivotal move amid unprecedented industry changes. Mitsubishi will decide on joining by January's end.

top 32 comments
sorted by: hot top controversial new old
[–] [email protected] 53 points 2 days ago (1 children)

It feels like we're heading for more robber barons, sit down strikes, and labor wars. 100 years later, but I suppose the more things change the more they stay the same.

[–] [email protected] 21 points 2 days ago (1 children)

In the end, we will all be working for TacoBell-Disney. I look forward to living in Mega-Chalupa 1.

[–] [email protected] 11 points 2 days ago (1 children)

After the great restaurant wars, all restaurants are now Taco Bell...

  • Demolition Man
[–] [email protected] 2 points 2 days ago

Was this before or after The Matress Wars?

[–] [email protected] 34 points 2 days ago (2 children)

Who will be the lead going forward? Boeing merged and the shitty side of the merger took over, we see where that’s taken things.

Will Honda become crap after this? Or will Honda clean up the other two?

[–] [email protected] -5 points 2 days ago* (last edited 2 days ago) (2 children)
[–] [email protected] 1 points 1 day ago

I'm surprised there are only 7 Honda drivers on lemmy

[–] [email protected] 1 points 2 days ago

I’ve never driven one, I know people who’ve had them fof a decade or more and they just wouldn’t die. You’re saying that’s over now, which would certainly fit with the general trend of consumer goods getting crappier over time.

[–] [email protected] 0 points 2 days ago (2 children)

Nissan and Mitsubishi make good cars as well.

Hopefully, there will be a triunvirate for a transitional period and then, as it seems this will be a move like FIAT/Chrysler did when they bought Peugeot-Citroën, creating a new holding parent company, now Stelantis, that will take the best from all.

[–] moncharleskey 29 points 2 days ago (4 children)

As a mechanic, I feel I have to chime in and say that Mitsubishi makes terrible cars, and Nissan isn't far from it. Honda is a significantly better product in my experience, though turbo failures on their L15 engines are quite common.

[–] [email protected] 10 points 2 days ago

Yeah I always heard Nissan was the Dodge of Japan

[–] [email protected] 3 points 2 days ago (1 children)

Nissan looks nice from the outside, but the whole interior feels way cheaper than it should for the price point. When you examine the fit and finish of non-interior assembly, it also starts standing out as pretty junky. Nissan's popularity seems to be due entirely to the Z, and an SUV that they don't even make anymore.

[–] [email protected] 2 points 2 days ago (1 children)

The frontier and the S10, now Colorado, were the cheapest small trucks in the market for a very long time. I’m sure that contributed. Colorado, for example, could be had at base for $19k in 2020 while the basic Tacoma started at $29k.

[–] [email protected] 0 points 2 days ago* (last edited 2 days ago) (1 children)

The Colorado is a completely different truck than the S10. The Colorado is a mid-sized truck, with a powerful engine, and great towing capacity. The S10 was a small truck, with a middling engine, and idk if it could tow at all. The Colorado is a great truck though, especially the 4x4. Unfortunately the higher end models get up into the $70k range.

[–] [email protected] 1 points 2 days ago (1 children)

I’m not a car person, clearly. What I do know is when I price checked small trucks in 2020, the basic, no frills Nissan Frontier and Chevy Colorado cost exactly the same.

Tacoma was $10k more, again, for the basic.

By basic I mean: 2w drive, manual, roll windows, etc.

[–] [email protected] 0 points 2 days ago

Yeah, that's the Colorado WT, WT stands for work truck. It's a great vehicle if you just need a work truck. It's still pretty good as an every day vehicle too, if you don't care about the extras.

[–] [email protected] 1 points 2 days ago

I watched a crash test coverage of various vehicles and Mitsubishi was scary bad.

[–] [email protected] 3 points 2 days ago

These three manufacturers don't have a very significative market presence in my country but their models usually sell for higher prices and last longer.

Mitsubishi has an assembly line here, where they put together the Canter model, which is a very sought after car for work, in flat bed configuration, for carrying heavy loads, or to convert into wreckers.

Honda enjoyed a very good period but it became associated with older people (Civic, Accord and other big models) and thugs and street racing, with the Type-R line. They are more sought after for their small farming machines engines than anything else but have been facing serious competition from Kawasaki and other brands.

Nissan has a partnership with Renault here and their 1.5dci engines have become legendary for being robust and long lasting.

All brands lose value slower than most counterparts here. I can go on the market anf find 30 years old Nissans or Hondas with asking prices on the 2000/3000€ range, easily.

[–] [email protected] 6 points 2 days ago (1 children)
[–] [email protected] 2 points 2 days ago

Stellantis dominates the european market of small cargo vans, equipped with the legendary PSA 1500cc diesel engines, know for being reliable anf long lasting.

These same engines are being applied to other cars, under four separate badges (actually, five) and those four brands make up for a big part of the market.

I am aware Stellantis treats their employees very badly but their cars have been gainning in the quality sector, with good design and very nive interiors.

[–] [email protected] 10 points 2 days ago (1 children)

I love the idea that this picture is from those talks. Like they're all on a stage with white lecterns discussing how to merger.

[–] [email protected] 4 points 2 days ago

I want to see them get on each other’s shoulders, jockeying to see who gets on top. Then, they put on a big trench coat with the name of the combined company.

[–] [email protected] 9 points 2 days ago (3 children)

Honda is my favourite Street Fighter character

[–] [email protected] 1 points 2 days ago

How about in Mike Tyson's Punch-Out! for Nintendo?
Piston Honda!

[–] [email protected] 2 points 2 days ago (1 children)

not for me until he could move back and forth with that hand slap then. woa. seriously though he was hard hitting like zangief but could torpedo forward to close distance and had area denial.

[–] [email protected] 3 points 2 days ago

I trained to be just like him but it wasn't until some time after puberty that I could move my right hand that fast

[–] [email protected] 1 points 2 days ago

Ohhhh, street fighter. I get it now.

[–] [email protected] 9 points 2 days ago* (last edited 2 days ago) (2 children)

Hmm interesting. My take is it's a bit weird. But thinking about it, they could take the revenue from Nissan and put it towards EVs while winding Nissan down - no need to make Nissan ICE cars when you have Honda ICE cars. They're probably betting the income is worth the purchase price.

[–] [email protected] 6 points 2 days ago

Nissan makes excellent sports cars. I've also had a Rogue and still have a Pathfinder, which have both been excellent vehicles. Honestly, I see more Nissans on the road where I live in the US than Hondas. Most of the Hondas I see are driven by 60+.

[–] [email protected] 4 points 2 days ago (1 children)

Do the opposite. Don't get rid of the z and the gtr. Honda can keep making their future looking evs and nix their ugly ice cars

[–] [email protected] 6 points 2 days ago

Honestly an electric GTR would be fuckin’ bonkers. The whole thing of the GTR is how powerful it is so it just makes sense, and it’s not like it’s a manual anyway so that’s fine.

The thing is though that sports car are what car enthusiasts want but most people just don’t care that much these days. And frankly if it doesn’t even matter if companies make fun cars because they’re still going to allow the dealers to slap an extra $20k on the price tag while they wonder why no one is buying the fucking things.

Frankly I’d just like to see Nissan Leaf motors as conversion kits. It wouldn’t make any financial sense for Nissan but if we’re gunna dream…

[–] [email protected] 0 points 2 days ago

Alright, HonNisubishi. Since you want to buck antitrust laws, let me give you my (totally unqualified) opinion on what you should do going forward:

  1. Decrease your production of personal automobiles and start producing vehicles for the public transit sector. Our cities are choked with cars (some of them yours) and city planners will surely want to place a limit on the number of cars in our cities.

  2. Since Honda already makes motorcycles, make more of those but electric. Hell, you're already showing that you hate competition you might as well buy out Zero Motorcycles which will give a nice head-start in the market.

  3. Discontinue all your gas-powered vehicles and produce electric ones. Yes, this contradicts my first point but some people will still choose to drive so force them to be somewhat environmentally conscious. Your bottom line will thank you.

4.~~BRING BACK THE S2000 AND SKYLINE GT-R AS ELECTRIC SUPERCARS.!!!~~