Hitachi and Honda to merge four auto parts units

Hitachi and Honda announced the merger of Hitachi Automotive Systems with Honda-affiliated Keihin, Showa, and Nissin Kogyo. Hitachi will hold 66.6% and Honda 33.4% of the combined company, creating Japan's third-largest auto parts supplier with sales of about ¥1.8 trillion.

“Hitachi Ltd on Wednesday said its vehicle components operations would merge with three Honda Motor Co-affiliated suppliers, creating Japan's third-biggest auto-parts supplier by sales.”backup.arabnews.jp

• 6 sources
• backup.arabnews.jpHitachi auto unit, Honda-affiliated suppliers to merge｜Arab News JapanOct 30, 2019
• maonline.jp日立とホンダ、傘下の日立オートモティブ・ケーヒン・ショーワ・日信工業の車部品4社合併へ | M＆A Online - M&Aをもっと身近に。Oct 30, 2019
• financialpost.comHitachi, Honda suppliers to merge parts business to cut EV, self-driving costs | Financial PostReutersOct 30, 2019
• japantimes.co.jpHitachi and Honda plan to merge four auto parts makers - The Japan TimesNo AuthorOct 30, 2019
• sec.govHONDA MOTOR CO LTD Form 6-K filed October 31, 2019Oct 31, 2019
• thebrakereport.com

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