Overview

• Nikkei reports that Nissan is in talks to produce Honda pickup trucks at its Canton, Mississippi plant.
• The proposal follows the collapse of their merger discussions in February and extends an electric-vehicle alliance launched in March 2024.
• Nissan posted a $4.5 billion net loss for the year to March and faces roughly ¥700 billion in debt due this year under junk credit ratings.
• CEO Ivan Espinosa has unveiled a cost-reduction plan that includes closing seven factories worldwide and trimming the global workforce by 15 percent.
• Both automakers face intensifying competition from Chinese EV makers and uncertainty over U.S.-Japan trade tariffs, driving a push for local production.