LAS VEGAS, NV—According to Auto Josh, as reported to Inside EVs through an interpreter at the Consumer Electronics Show (CES) 2025, Toyota Chairman Akio Toyoda has expressed enthusiasm about the potential merger between Honda and Nissan, dismissing claims that Nissan approached Toyota for financial backing. 

Speaking at CES 2025, Toyoda clarified that Nissan did not seek a merger with Toyota, adding that such a move could potentially violate anti-monopoly laws.

The speculation arose after reports suggested that Nissan might need financial assistance from the Japanese or U.S. governments to stay afloat until 2025. Shortly after these reports, Honda and Nissan officially announced they were in discussions to form a joint holding company. This collaboration could result in the creation of the world’s third-largest automaker by 2026.

The proposed merger aims to integrate the companies’ expertise, including technological innovations and management resources. Toyoda welcomed the development, expressing optimism about the potential for more competitive products to emerge from the partnership.

“For me, it’s quite exciting,” Toyoda said. “I’m looking forward to seeing how they cooperate and develop innovative, competitive products. This would be a positive step not just for Japan but for the global automotive market.”

If successful, the Honda-Nissan merger could significantly reshape the automotive industry landscape, fostering greater competition and innovation worldwide.