Honda agrees to merge three affiliate suppliers with Hitachi Automotive Systems to create new mega supplier
New merged company will become a strong player in the emerging field of electrification and autonomous driving
Honda has concluded a basic merger agreement with Hitachi Ltd to merge its three affiliated suppliers—Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd— with Hitachi Automotive Systems to create a global mega supplier with consolidated sales of JPY1.7 trillion (USD15.6 billion), the two companies said in a joint press release on 30 October.
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