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While Nissan sold 3.3 million vehicles last fiscal year, total calendar 2024 Renault-Nissan-Mitsubishi alliance sales volume of 6.5 million vehicles makes the group the fourth-largest vehicle seller in the world, behind Toyota at 10.8 million, Volkswagen at 9.0 million, and Hyundai/Kia with 7.2 million vehicles sold. Nissan's financial services subsidiary provides consumers with auto loans and leases but also finances Nissan's sales to its dealerships (known as floor-plan financing). Under a new alliance agreement, Nissan and Renault will have cross-shareholding capped at 15% voting rights for each company. Renault holds the remaining stake in Nissan through a French trust where the voting rights of such shares are "neutralized" for "most decisions" but retain the economic benefit.

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Los fabricantes de automóviles sufren caídas tras los nuevos aranceles de Trump. Cómo afectan al mercado y si hay oportunidades de inversión.

Acciones de automóviles caen tras nuevos aranceles de Trump: ¿Oportunidad de compra?

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Honda cancela su integración con Nissan y redefine su estrategia. ¿Cómo impactará en la industria automotriz y sus inversiones?

Acciones de Honda (HMC) suben tras cancelar fusión con Nissan: qué significa para los inversores

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Foxconn considera adquirir acciones de Nissan, pero solo si logra acuerdos de fabricación de vehículos eléctricos con Renault o Nissan.

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Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has issued a recall for over 29,501 F-150 Lightning Pickup Trucks over a suspension failure risk that could result in loss of the steering controls.
What Happened: The issue stems from a potential defect in the front control arm of the pickup truck's suspension, which could increase the risk of a crash, the National Highway Traffic Safety Administration said in a report released on May 27.
"The front upper control arm ball joint nut may not have been tightened properly, allowing the front upper control arm to detach from the knuckle assembly," the NHTSA report said.
The affected products include F150 Lightning Pickups sold from 2024-2025, the report said. "Dealers will inspect the upper control arm ball joint nut, and replace the nut and/or knuckle assembly, as necessary, free of charge," NHTSA reiterated in its report.
Why It Matters: The recall comes in as the Detroit-based automaker issued a separate recall that affected almost <a href="https://www.benzinga.com/news/25/05/45643704/ford-recalls-11-million-vehicles-for-camera-software-issue-report">1.1 million vehicles</a> due to an issue with the rear camera. The issue affected models include Bronco, F-150, Ford Escape, the Mustang Mach-E and multiple Lincoln models, among others.
Elsewhere, Bill Ford, the automaker's executive chair, <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45732185/whats-going-on-with-ford-stock-monday-2">shared concerns</a> about the GOP's tax reform proposal, which <a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">includes axing the $7500 EV credit</a>, could "imperil" the company's battery production in Michigan.
Ford has also reportedly opened doors for the company's flagship <a href="https://www.benzinga.com/25/05/45562915/ford-will-let-nissan-use-part-of-kentucky-battery-factory-could-this-be-a-scaling-back-on-ev-ambitions">EV battery production plant </a>in Kentucky for Nissan Motor Co. Ltd., letting the Japanese automaker use half of the plant.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022053/f-jun-3-2025-1024x191.jpg" alt="" class="wp-image-936041" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022053/f-jun-3-2025-1024x191.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022053/f-jun-3-2025-300x56.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022053/f-jun-3-2025-768x143.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022053/f-jun-3-2025-1536x286.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022053/f-jun-3-2025.jpg 1634w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Ford offers good Growth, Quality and Value, but scores poorly on the Momentum metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.&nbsp;
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Ford Recalls Over 29,500 F-150 Lightning Pickup Trucks Over Suspension Defect

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is recalling over 1 million U.S. vehicles due to a software issue that may prevent rearview camera images from displaying properly, raising crash risks, according to federal regulators.
Reuters reported that the recall affects 1,075,299 vehicles across various models from 2021 to 2025, including the Bronco, F-150, Edge, Escape, Corsair, Mustang Mach-E, and several F-Series, Transit, and Lincoln models.
The <a href="https://www.nhtsa.gov/?nhtsaId=25V315000">National Highway Traffic Safety Administration (NHTSA)</a> said the defect stems from a software error that can cause the camera display to freeze, delay, or fail.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45581386/gm-ev-sales-surge-in-the-us-amid-5-billion-blow-from-donald-trumps-automotive-tariffs" rel="noreferrer noopener">GM EV Sales Surge In The U.S. Despite Donald Trump&#8217;s Auto Tariffs</a>
Dealers will update the dashboard&#8217;s accessory protocol interface module (APIM) software via an over-the-air fix at no cost. Ford will begin notifying owners by mail on June 16, with a follow-up notice expected once the fix is available in Q3 2025.
Separately, Ford <a target="_blank" href="https://www.benzinga.com/25/05/45562915/ford-will-let-nissan-use-part-of-kentucky-battery-factory-could-this-be-a-scaling-back-on-ev-ambitions" rel="noreferrer noopener">agreed</a> to let Nissan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) use part of its underutilized battery plant in Kentucky, co-owned with SK On. This comes amid mounting pressure: Ford pulled its 2025 earnings guidance, warned of $5.5 billion in expected EV and software losses, and raised prices on Mexico-built EVs like the Mustang Mach-E and Bronco Sport.
In early May, Ford <a target="_blank" href="https://www.benzinga.com/25/05/45406568/fords-brake-line-issue-spurs-recall-of-over-270k-vehicles-as-safety-concerns-mount" rel="noreferrer noopener">recalled</a> nearly 274,000 SUVs, 223,315 Expeditions and 50,474 Navigators, due to a brake line defect that increased crash risk. The issue, traced to Ford&#8217;s Kentucky Truck Plant, involved brake lines potentially contacting engine components. As of April, no injuries were reported. Ford notified owners and instructed them to bring vehicles for inspection and repair.
Price Action: F shares are trading lower by 0.09% to $10.30 premarket at last check Wednesday.
Read Next: <a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45638939/stellantis-names-antonio-filosa-ceo-amid-uncertainty-over-trumps-50-eu-tariff-threat" rel="noreferrer noopener">Stellantis Names Antonio Filosa CEO Amid Uncertainty Over Trump&#8217;s 50% EU Tariff Threat</a>
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Ford Recalls 1.1 Million Vehicles For Camera Software Issue: Report

General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is steadily gaining on Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lead in the U.S. domestic EV market, despite the Trump administration's automotive tariffs.
What Happened: GM accounted for over 14.4% of all new EVs sold in the U.S. in April 2025, data released by Cox Automotive <a href="https://www.coxautoinc.com/market-insights/ev-market-monitor-april-2025/">on</a> Wednesday shows. The Detroit-based automaker is currently the second-largest EV manufacturer by units sold through Chevrolet, GMC, and Cadillac after it surpassed Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>).
Amid GM's sales growth, Elon Musk's Tesla still claimed the top spot in April with sales climbing 3.7%, driven by the Model Y, which sold 25,321 units, the report suggested. However, its market share remained below 50%.
Why It Matters: The data comes in as EV sales have experienced a decline in the U.S. The automaker has reportedly pushed back against<a href="https://www.benzinga.com/25/05/45488137/general-motors-wants-to-overturn-californias-aggressive-ev-mandate-as-demand-slows-in-the-us-report"> California's EV policy</a>, which aims to phase out ICE vehicles by 2035.
"Emissions standards that are not aligned with market realities pose a serious threat to our business by undermining consumer choice and vehicle affordability," GM said in an email sent out to employees.
The automaker also <a href="https://www.benzinga.com/news/guidance/25/05/45133096/this-is-how-much-it-will-cost-general-motors-from-trumps-tariff-policy">pulled its earnings guidance </a>for 2025, citing uncertainties posed by U.S. President Donald Trump's automotive tariffs. Elsewhere in the EV sector, GM's fellow Detroit-based automaker, Ford, has reportedly decided to split its flagship Kentucky battery manufacturing facility with Nissan Motor Co. Ltd. (OTCPK: NSANY).
Price Action: GM currently trades for $49.66 in after-hours trading, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.&nbsp;
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Photo courtesy: Jonathan Weiss / Shutterstock.com

GM EV Sales Surge In The US Despite Donald Trump's Auto Tariffs

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) will reportedly let Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) use part of its flagship Kentucky battery manufacturing plant.
What Happened: The Detroit-based automaker will split the manufacturing plant, which is a joint venture between Ford and South Korean battery manufacturer SK On, according to the Wall Street Journal <a href="https://www.wsj.com/business/autos/ev-ford-nissan-battery-plant-lease-ef47542c">on</a> Tuesday.
The facility, which was to be used by Ford and its subsidiary Lincoln, has two manufacturing units, but one of them isn't being utilized at all, while the other isn't running at full capacity, the report suggests.
Ford had previously projected a loss of over $5.5 billion for its EV models and software operations in 2025 as tariffs continue to hinder the company's supply chain.
Ford and Nissan did not immediately respond to<a href="http://pro.benzinga.com"> Benzinga's</a> request for comment.
Why It Matters: The news comes in as Ford pulled <a href="https://www.benzinga.com/news/earnings/25/05/45208083/ford-stock-hits-the-brakes-after-q1-earnings-suspends-guidance-due-to-tariff-related-uncertainty">its earnings guidance</a> for 2025, citing uncertainty in the auto industry due to U.S. President Donald Trump's automotive tariffs.
The company has also <a href="https://www.benzinga.com/markets/25/05/45277938/ford-hikes-prices-of-select-mexico-produced-vehicles-amid-auto-tariff-uncertainty-report">hiked prices </a>of select Mexico-produced EVs, including the Mustang Mach-E, Bronco Sport and Maverick Pickup truck. The hike would apply to models arriving in dealerships sometime in June. It's worth noting that Ford manufactures over 80% of its line-up in the U.S.
Company CEO Jim Farley had earlier said that the Trump administration's tariffs could cost the company <a href="https://www.benzinga.com/tech/25/05/45217767/ford-ceo-jim-farley-says-trumps-tariffs-could-cost-ford-1-5-billion-pulls-its-earnings-guidance">over $1.5 billion</a>. "We&#8217;ve estimated the gross impact of tariffs for full year total company EBIT of $2.5 billion and a net impact of $1.5 billion," he said.
Price action: F currently trades for $10.48 on the NYSE, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.&nbsp;
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General

Ford Reportedly Opens Doors To Nissan At Flagship Battery Facility After EV Unit Falls Short Of Targets

Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANF#OTC">NSANF</a>) announced major steps to reconfigure its global operations after a challenging financial year. The company said on Tuesday that it will slash thousands of jobs and close almost half of its production plants across the globe, as part of a multi-year restructuring plan targeted towards stabilizing its bottom line.
What Happened: The company shared plans to terminate nearly 15% of its workforce, which entails approximately 20,000 employees, by fiscal year 2027. This includes the 9,000 job cuts announced earlier. In addition, Nissan will also shrink its global manufacturing footprint, reducing the number of factories from 17 to 10 over two years.
Last week, reports emerged that the <a href="https://www.benzinga.com/news/25/05/45316137/nissan-scraps-11-billion-ev-battery-plant-eyes-cost-cuts-to-survive-report">company is canceling its plans</a> to establish a $1.1 billion electric vehicle battery factory in Kitakyushu, Japan.
See Also: <a href="https://www.benzinga.com/25/05/45250949/tech-layoffs-get-the-headlines-but-its-uncle-sam-doge-whos-bleeding-workers-in-2025">Intel, Meta Get The Headlines, But It&#8217;s Uncle Sam (DOGE) Who&#8217;s Bleeding Workers In 2025</a>
Why It Matters: Nissan faced a $4.5 billion loss in 2024, citing rising variable costs and ongoing global turmoil. "In the face of challenging FY24 performance and rising variable costs, compounded by an uncertain environment, we must prioritize self-improvement with greater urgency and speed," said CEO Ivan Espinosa. The company also noted it would prioritize U.S.-made products and move operations to <a href="https://www.benzinga.com/news/25/05/45316137/nissan-scraps-11-billion-ev-battery-plant-eyes-cost-cuts-to-survive-report">sidestep tariff-related pressures</a>.
"We are taking a prudent approach to reassess our targets and actively seek every possible opportunity to implement and ensure a robust recovery," Espinosa added.
Nissan was not the only major company to announce layoffs on Tuesday. Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) shared on the same day that it will cut <a href="https://www.benzinga.com/markets/equities/25/05/45398101/microsoft-to-cut-6000-jobs-in-global-restructuring-joins-meta-and-amazon-in-trimming-workforce-amid-ai-driven-shift">6,000 jobs worldwide</a>, amounting to about 3% of its total workforce.
Price Action: Nissan Motor stock closed at 354 JPY ($2.42) on the Tokyo Stock Exchange on Wednesday, down 0.70% for the day. Year to date, the stock has declined 25.44%.
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Nissan To Cut 20,000 Jobs, Shut 7 Plants Globally In Major Restructuring After $4.5 Billion Annual Loss

Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) reportedly announced Friday that it is scrapping plans to build a $1.1 billion electric vehicle battery plant in Kitakyushu, Japan.
Nissan has canceled plans to build an EV battery plant in Kitakyushu months after signing local agreements. The company cited a review of investments due to weak performance, reported <a href="https://asia.nikkei.com/Business/Automobiles/Nissan-abandons-plan-for-EV-battery-plant-in-southern-Japan" target="_blank" rel="noreferrer noopener">Nikkie Asia</a>.
Initially unveiled in January, the lithium iron phosphate (LFP) facility was expected to create around 500 jobs with a 153.3 billion yen investment.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44709732/foxconn-eyes-nissan-mitsubishi-in-japan-ev-push-to-counter-chinas-growing-auto-threat" rel="noreferrer noopener">Foxconn Eyes Nissan, Mitsubishi In Japan EV Push To Counter China&#8217;s Growing Auto Threat</a>
Facing sluggish vehicle sales in the U.S. and China, Nissan is scaling back growth plans to stabilize its business. Executive Officer Teiji Hirata said, &#8220;We apologize for this situation arising over such a short period of time. This is the result of a careful review in light of the business environment.&#8221;
Nissan announced that it expects a record net loss of 700–750 billion Japanese Yen ($4.9 billion to $5.3 billion) for fiscal 2025, mainly due to over 500 billion Japanese Yen in asset write-downs and 60 billion Japanese Yen in restructuring costs. In response, it is cutting jobs, closing plants, and reducing output, while CEO Ivan Espinosa pointed to strong cash reserves of 1.5 trillion Yen to support recovery efforts.
In February, Honda Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) signaled it could resume $58 billion <a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/43771894/honda-open-to-reviving-nissan-merger-talks-if-ceo-uchida-steps-down-creating-fourth-largest-glob" rel="noreferrer noopener">merger</a> talks with Nissan if CEO Makoto Uchida steps down, after prior talks collapsed over ownership terms.
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Emerging Markets

Nissan Scraps $1.1 Billion EV Battery Plant, Eyes Cost Cuts To Survive: Report

Wallbox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBX#NYSE">WBX</a>), a global leader in electric vehicle (EV) charging and energy management solutions, today announced a new partnership with Nissan Canada to launch a nationwide integrated home charging solution for Nissan electric vehicle owners.
As part of this program, RocketEV, one of Canada's leading EV charger installers, will provide professional installation services, helping deliver a seamless, one-stop shop experience for both new and existing Nissan EV drivers. The program is designed to simplify the home charging journey and make it more accessible to a broader audience.
Starting in May, Nissan EV owners across Canada will be able to purchase Wallbox's Pulsar Plus home charger and schedule installation through their local Nissan dealer or directly via the Nissan Canada website. This end-to-end solution offers a convenient, turnkey experience for EV drivers looking to charge at home with confidence.
"Our goal is to make home charging effortless and accessible for every EV driver," said Douglas Alfaro, Chief Business Development Officer at Wallbox. "Together with Nissan, we're helping shape a future where owning an electric vehicle is simpler, smarter, and more connected to people's everyday lives."
Pulsar Plus is Wallbox's best-selling home charger, trusted by drivers around the world for its speed, reliability, and sleek, compact design. It's designed to fit seamlessly into a variety of residential settings, including single-family homes, apartment buildings, and other multi-unit dwellings.
"As we continue our efforts to make EVs more accessible, this new partnership with Wallbox and RocketEV allows us to offer a simple solution for EV owners looking to install a home charger," said Andrew Harkness, Director of Dealer Network Development, Electrification and Corporate Strategy at Nissan Canada Inc. "The initiative will make it easier and more convenient for more consumers to switch to EVs."
This collaboration reflects a shared commitment to accelerating the transition to electric mobility in Canada. By combining Wallbox's cutting-edge charging technology, Nissan's legacy in EV innovation, and RocketEV's installation expertise, the initiative aims to remove barriers and deliver a more seamless ownership experience for current and future EV drivers.

Contracts

Wallbox And Nissan Canada Enters Nationwide Home EV Charging Partnership

Electronics manufacturer Foxconn Technology Co <a href="https://www.benzinga.com/topic/japan" target="_blank" rel="noreferrer noopener">is eyeing Japanese</a> automakers, including Nissan Motor Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANF#OTC">NSANF</a>), to form a Japan-Taiwan alliance.
According <a href="https://asia.nikkei.com/Editor-s-Picks/Interview/Taiwan-s-Foxconn-hopes-to-work-with-Nissan-others-on-EV-production" target="_blank" rel="noreferrer noopener">to</a> Nikkei Asia, Foxconn EV chief strategy officer Jun Seki revealed the agreement during a <a href="https://www.benzinga.com/markets/asia/25/03/44508263/apple-and-nvidia-supplier-foxconn-to-present-ev-plans-at-japan-seminar-following-mitsubishi-deal-report" target="_blank" rel="noreferrer noopener">Tokyo seminar on</a> Tuesday.
Foxconn, also known as Hon Hai Precision (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHAY#OTC">HNHAY</a>), is currently competing with Chinese brands focused on battery-powered vehicles, looking to win market share in Europe, Brazil, and Thailand.
Foxconn, an Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) supplier, plans to launch an electric bus and a battery-powered microbus in Japan in 2027, Reuters cited Seki.
Also Read: <a href="https://www.benzinga.com/25/04/44631510/asml-to-boost-japan-workforce-5x-amid-global-race-for-advanced-semiconductor-tech" target="_blank" rel="noreferrer noopener">Chip Equipment Maker ASML To Boost Japan Workforce 5x Amid Global Race For Advanced Semiconductor Tech</a>
It focuses on providing business-to-business services with EV operations instead of targeting consumers directly.
Seki told Reuters that Foxconn should be part of a potential broader partnership with Honda Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>), Nissan, and Mitsubishi Motors (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTSUY#OTC">MTSUY</a>) and confirmed that Foxconn was finalizing a deal with Mitsubishi to supply it with EVs.
Foxconn was working with Mitsubishi, Seki said during Wednesday&#8217;s event.
President Donald Trump&#8217;s 25% auto tariff&nbsp;<a target="_blank" href="https://www.benzinga.com/news/25/03/44522387/japanese-automakers-face-29-billion-tariff-hit-nissan-mazda-subaru-most-at-risk-says-analyst" rel="noreferrer noopener">threatens to disrupt</a> the global automotive industry, with analysts warning of sharp price increases and declining sales.
Goldman Sachs&nbsp;expected imported&nbsp;vehicle prices to surge by $5,000 to $15,000, while even U.S.-built cars could see cost hikes of $3,000 to $8,000 due to foreign-made parts. According to analyst Akira Kishimoto, Japanese automakers could face a potential hit of 4.46 trillion yen (about $29.44 billion).
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Global

AAPL

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MTSUY

Foxconn Eyes Nissan, Mitsubishi In Japan EV Push To Counter China's Growing Auto Threat

Auto stocks hit a speed bump after <a href="https://www.benzinga.com/topic/donald-trump">President Donald Trump</a> brushed off concerns over higher car prices following his announcement of new 25% tariffs on foreign imports.
Shares of Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Honda Motor Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>), Nissan Motor Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#NYSE">NSANY</a>), Volkswagen AG (OTCPK: VWAGY) and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slid on investor concerns over the impact on global supply chains and consumer demand.
<h2 class="wp-block-heading">Trump's Tariff Play</h2>
Trump's weekend interview with NBC News only added fuel to the fire, <a href="https://www.wsj.com/business/autos/auto-stocks-fall-after-trump-says-he-couldnt-care-less-about-higher-prices-21cd7c16">reported</a> the Wall Street Journal. When asked if foreign automakers hiking prices would hurt U.S. consumers, he dismissed the concern outright. "I couldn't care less."
The logic? If foreign cars get more expensive, Americans will buy domestic. That stance sent ripples through the markets, with Asian and European automakers posting sharp declines.
In Japan, Toyota dropped 3.1%, Honda fell 3.1%, and Nissan tumbled 4%. South Korea's Hyundai slipped 3.8%; in Europe, Stellantis lost 2.8%, Volkswagen declined 3.1%, and Mercedes-Benz slid 2.6%. Even Ferrari NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) felt the heat, dropping 1.7% despite plans to hike prices by up to 10% to offset tariffs.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44522204/ferrari-plans-to-raise-prices-amid-trumps-auto-tariff-plan-stock-gains">Ferrari Plans To Raise Prices Amid Trump&#8217;s Auto Tariff Plan, Stock Gains</a>
<h2 class="wp-block-heading">Is This A Buying Opportunity?</h2>
Auto stocks have been in reverse all year, and technical indicators don't offer much encouragement. Toyota&#8217;s stock is flashing strong bearish signals, trading below its 5-, 20-, 50- and 200-day moving averages. The same goes for Honda and Stellantis stocks, both caught in a downtrend and facing selling pressure.
Even Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock, often seen as insulated from traditional automaker woes, is down over 30% YTD. But unlike its global peers, Tesla has found some support, sitting slightly above its eight and 20-day moving averages—a rare bullish signal amid the carnage.
<h2 class="wp-block-heading">The Road Ahead</h2>
With tariffs kicking in on April 2, the next few weeks could be bumpy for auto stocks. If global carmakers pass the costs to consumers, demand could take a hit, further pressuring share prices.
However, investors with a long-term view might find bargains in the wreckage, particularly among companies able to navigate price adjustments without losing market share.
For now, auto stocks remain in the danger zone. But contrarians might find value under the hood if prices fall much further.
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</ul>
Photo: Shutterstock

Auto Stocks Skid After Trump Shrugs Off Higher Prices - Should You Buy The Dip?

The newly imposed <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">25% auto tariff</a> threatens to disrupt the global automotive industry, with analysts warning of sharp price increases and declining sales.
Goldman Sachs <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">estimates that imported </a>vehicle prices could rise by $5,000 to $15,000, while even U.S.-built cars could see cost hikes of $3,000 to $8,000 due to foreign-made parts. Here&#8217;s what analysts have predicted so far:
<ul>
<li>According to JPMorgan's Akira Kishimoto, Japanese automakers could face a potential hit of 4.46 trillion yen (about $29.44 billion), with Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>), Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) and Subaru (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>) among the most vulnerable due to their reliance on imported vehicles. Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) remains JPMorgan's top pick, given its resilience and strong fundamentals, while Suzuki Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SZKMY#OTC">SZKMY</a>) and Isuzu Motors (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ISUZY#OTC">ISUZY</a>) are also favored among mid-tier manufacturers. Read Also: <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">Trump&#8217;s 25% Tariff Set To Hike Imported Car Prices Up To $15,000 Higher, Goldman Sachs Warns</a> </li>
<li>RBC Capital Markets&#8217; Tom Narayan warns that German automakers like Mercedes-Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGYY#OTC">MBGYY</a>) and BMW Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWKY#OTC">BMWKY</a>) are at high risk, though potential retaliatory tariffs from Europe could deter further escalation. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) may benefit due to its U.S.-based production, while Ferrari NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) is expected to pass costs onto its high-end buyers. </li>
<li>JPMorgan autos analyst Ryan Brinkman has slashed price targets for major U.S. automakers, cutting General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) by 17% to $53 from $64, Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) by 15% to $11 from $13, and Ferrari by 12% to $460 from $525, citing heightened earnings risk. </li>
</ul>
With uncertainty around auto demand and the potential for sales fluctuations, investors remain cautious as the industry assesses the economic impact of these sweeping tariffs.
Read Next:
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<li><a href="https://www.benzinga.com/markets/forex/25/03/44518720/april-2-tariffs-could-trigger-a-us-dollar-rally-to-sell-bank-of-america-economists-say" target="_blank" rel="noreferrer noopener">April 2 Tariffs Could Trigger A US Dollar ‘Rally To Sell,' Bank Of America Economists Say</a></li>
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Photo: Shutterstock

BMWKY

FUJHY

ISUZY

MERCEDES-BENZ UNSP / ADR by Mercedes Benz Group AG

MBGYY

MZDAY

SZKMY

Japanese Automakers Face $29 Billion Tariff Hit, Nissan, Mazda, Subaru Most At Risk, Says Analyst

As of March 19, 2025, two stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the<a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to<a href="https://pro.benzinga.com/"> Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Honda Motor Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</h3>
<ul>
<li>On Feb. 13, the company reported results for nine months and disclosed the termination of business integration talks with Nissan Motor Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>). The company disclosed the cancellation of the previously inked memorandum of understanding (MOU) for business integration with Nissan Motor. The company's stock gained around 12% over the past month and has a <a href="https://www.benzinga.com/quote/HMC">52-week high of $37.90</a>.</li>
<li>RSI Value: 71.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>HMC Price Action: Shares of Honda Motor gained 1.4% to close at $30.41 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Yum China Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</h3>
<ul>
<li>On March 10, Yum China named Adrian Ding as Chief Financial Officer. &#8220;We are delighted to announce Adrian&#8217;s appointment as our CFO. Over the last five months, he has made significant contributions, proving himself as the ideal candidate to serve as the Chief Financial Officer of Yum China. He has effectively led the finance team, strengthened our engagement with stakeholders, including the capital markets, and played a pivotal role in building Yum China&#8217;s growth momentum,&#8221; said Joey Wat, CEO of Yum China. The company's stock gained around 14% over the past month and<a href="https://www.benzinga.com/quote/YUMC"> has a 52-week high</a> of $53.83.</li>
<li>RSI Value: 71.8</li>
<li>YUMC Price Action: Shares of Yum China gained 0.7% to close at $53.69 on Tuesday.</li>
</ul>
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Photo: Shutterstock

Short Ideas

Pre-Market Outlook

YUMC

Top 2 Consumer Stocks That May Implode In Q1

Honda Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) is willing to resume merger negotiations with Nissan Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) if CEO Makoto Uchida steps down. 
What Happened: The potential combination would create the world&#8217;s fourth-largest automaker, though previous talks collapsed over Honda&#8217;s demand for full ownership rather than an equal partnership, <a href="https://www.ft.com/content/bddf8c35-5594-49f1-9855-674ba449514b">reported</a> Financial Time, citing sources.
Uchida, who faces pressure to depart after the failed $58 billion deal, has expressed willingness to leave before his planned 2026 exit if asked, though he prefers to stay until Nissan&#8217;s recovery. 
The company faces mounting challenges, having burned through ¥506 billion ($6.6 billion) in the first nine months of its fiscal year despite holding ¥1.2 trillion ($15.65 billion) in net cash.
See Also: <a href="https://www.benzinga.com/news/25/02/43767326/after-being-punched-for-driving-a-cybertruck-this-tesla-owner-is-leaving-1-bills-on-other-cybertrucks-to-spread-the-love">After Being &#8216;Punched For Driving A Cybertruck,&#8217; This Tesla Owner Is Leaving $1 Bills On Other Cybertrucks To &#8216;Spread The Love&#8217;</a>
Why It Matters: While Foxconn has expressed <a href="https://www.benzinga.com/markets/equities/25/02/43685566/apple-supplier-foxconn-considers-buying-nissan-shares-but-only-if-an-ev-deal-is-in-place">interest in acquiring Nissan shares</a>, other potential investors including KKR &amp; Co. and U.S. automakers are evaluating opportunities. Renault (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RNLSY#OTC">RNLSY</a>), which owns 36% of Nissan, is exploring options to sell its stake at a premium. 
Mizuho Financial Group, Nissan&#8217;s main bank, is actively seeking funding solutions involving private equity groups to support the automaker&#8217;s liquidity needs.
The top three automakers by global sales are Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), followed by Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), according <a href="https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/">to</a> data from Statista.
Price Action: Honda Motor&#8217;s stock is trading at 1,427 Japanese Yen ($9.41) on the Tokyo Exchange, up 0.25% as of 10:34 AM local time on Tuesday, after initially dipping to 1,410 Japanese Yen ($9.29). Meanwhile, Nissan Motor&#8217;s stock is up 5.28%, trading at 446 Japanese Yen ($2.94).
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</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

RNLSY

Honda Open To Reviving Nissan Merger Talks If CEO Uchida Steps Down, Creating Fourth-Largest Global Automaker

Honda Motor Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) shares are trading higher on Thursday. The company reported results for nine months and <a href="https://global.honda/en/newsroom/news/2025/c250213aeng.html" target="_blank" rel="noreferrer noopener">disclosed </a>the termination of business integration talks with Nissan Motor Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>).
The company disclosed the cancellation of the previously inked memorandum of understanding (MOU) for business <a target="_blank" href="https://www.benzinga.com/markets/asia/25/02/43517930/nissan-ceo-seeks-to-end-honda-merger-talks-report" rel="noreferrer noopener">integration with Nissan Motor.</a>
Notably, last December, both companies confirmed their merger plans at a joint press conference and said they aim for a&nbsp;<a target="_blank" href="https://www.benzinga.com/24/12/42653466/honda-nissan-plan-to-merge-in-the-face-of-chinese-ev-competition" rel="noreferrer noopener">completion date of August 2026</a>.
The companies were considering including&nbsp;Mitsubishi Motors in the new consolidated company. If successful, the merger would have created the world&#8217;s third-largest automobile group based on global sales volume.&nbsp;
Since signing the MOU, both companies&#8217; management teams, including their CEOs, have evaluated the market environment, integration objectives, and post-merger strategies.
They also conducted consultations with key stakeholders before making the decision to discontinue the discussions.
During discussions, Honda proposed shifting from the initially outlined joint holding company—where it would appoint the majority of directors and the CEO—to a structure in which Honda would become the parent company and Nissan the subsidiary through a share exchange.
However, both companies determined that, given the need for rapid decision-making and execution in an increasingly volatile market driven by electrification, it was best to terminate the MOU.
Moving forward, Nissan and Honda plan to collaborate through a strategic partnership focused on intelligence and electrified vehicles.
With the termination of the deal, the private equity firm KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is reportedly planning to invest in&nbsp;Nissan, as <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-02-13/kkr-is-said-to-consider-nissan-investment-after-honda-talks-end?srnd=homepage-asia&amp;sref=TBDibEcD" rel="noreferrer noopener">per </a>Bloomberg.
Also, Foxconn Technology Group confirmed Wednesday it would consider acquiring Renault&#8217;s stake in&nbsp;Nissan as part of a broader strategy to expand its&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/43685566/apple-supplier-foxconn-considers-buying-nissan-shares-but-only-if-an-ev-deal-is-in-place" rel="noreferrer noopener">electric vehicle manufacturing business</a>.
HMC Results: In a separate release, Honda reported nine-month EPS of JPY169.69 (Japanese yen) ($1.1142), lower than JPY176.78 in the comparable period, while sales of<a href="https://www.benzinga.com//node/43689697"> JPY16.3 trillion rose 8.9% year over year.</a>
The company maintained its guidance for an operating profit of JPY1.420 trillion and a profit attributable to owners of the parent company of JPY950 billion.
Meanwhile, Honda raised the guidance for FY25 sales by JPY600 <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">billion to JPY21.600 trillion</a>.
Price Action: HMC shares are up 2.56% at $28.29 at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43261142/honda-eyes-launching-ev-in-north-america-priced-below-30000-report" target="_blank" rel="noreferrer noopener">Honda&#8217;s Sub-$30,000 EV To Take On Tesla Model 3 In North America By 2026</a></li>
</ul>
Image Via Shutterstock.

Honda Calls Off Nissan Integration, Reports 8.9% Sales Growth: Details

Nissan Motor Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) &nbsp;Sees FY2024 GAAP EPS JPY (22.31); &nbsp;Sales JPY 12500B. &nbsp;

Guidance

Nissan Motor Co Sees FY2024 GAAP EPS JPY (22.31);  Sales JPY 12500B.

Nissan Motor Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) reported quarterly losses of $(0.06) per share. This is a 154.55 percent decrease over earnings of $0.11 per share from the same period last year. The company reported $20.74 billion in sales this quarter. This is a 1.41 percent decrease over sales of $21.04 billion the same period last year.

Nissan Motor Co Q3 2024 GAAP EPS $(0.06) Down From $0.11 YoY, Sales $20.74B Down From $21.04B YoY

<h2>Nissan Motor Co., Ltd. ("Nissan") and Honda Motor Co., Ltd. ("Honda") , today agreed to terminate the MOU signed on December 23 last year for consideration of a business integration between the two companies.</h2>
https://global.honda/en/newsroom/news/2025/c250213aeng.html

Earlier Nissan, Honda Announced Termination Of MOU For Consideration Of Business Integration

Foxconn Technology Group, also known as Hon Hai Precision (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>)  Apple Inc.&#8216;s primary iPhone manufacturer, confirmed Wednesday it would consider acquiring Renault&#8217;s stake in Nissan Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) as part of a broader strategy to expand its <a href="https://www.benzinga.com/general/entertainment/25/02/43566305/deal-dispatch-pharmchem-forgoes-banker-to-run-sale-tgi-fridays-sells-19-restaurants-for-3-1-million">electric vehicle manufacturing business</a>.
What Happened: Chairman Young Liu revealed the company has held discussions about acquiring Nissan shares, though emphasized that any potential stake purchase would be contingent on securing EV manufacturing partnerships with either Nissan or Renault, <a href="https://www.ft.com/content/f6a9cfb0-edba-4336-a2c1-e67238c5ccea">reported</a> the Financial Times. 
&#8220;If [taking a stake] is necessary for co-operation, we will consider it, but buying shares is not our main goal,&#8221; Liu said.
The Taiwanese contract manufacturer is targeting an <a href="https://www.benzinga.com/markets/asia/25/02/43517930/nissan-ceo-seeks-to-end-honda-merger-talks-report">announcement of a cooperation deal</a> within two months, with Renault, Nissan, and Honda Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) among potential partners. The news sent Nissan shares down 6.3% in Tokyo trading.
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43683937/teslas-400-million-armored-cybertruck-deal-under-fire-as-short-seller-jim-chanos-questions-elon-musks-doge-role-in-cutting-wasteful-government-spending">Tesla&#8217;s $400 Million Armored Cybertruck Deal Under Fire As Short Seller Jim Chanos Questions Elon Musk&#8217;s DOGE Role In Cutting &#8216;Wasteful Government Spending&#8217;</a>
Why It Matters: This development comes as Renault looks to divest half of its 36% stake in Nissan, currently held in a French trust, following their alliance restructuring in 2023.
Former Nissan executive and current Foxconn EV division chief strategy officer Jun Seki reportedly met with Renault CEO Luca De Meo in December to discuss the potential share acquisition.
The talks emerge amid broader industry shifts, with Nissan <a href="https://www.benzinga.com/markets/asia/25/02/43517930/nissan-ceo-seeks-to-end-honda-merger-talks-report">recently ending merger discussions</a> with Honda that would have created the world&#8217;s fourth-largest automotive group.
Nissan faces mounting pressure from Chinese competition and has announced plans to cut 9,000 jobs and reduce production capacity by 20% as part of its turnaround strategy.
For Foxconn, securing a deal with either Renault or Nissan would mark its first partnership with a traditional automaker outside Taiwan, potentially accelerating its expansion into EV contract manufacturing beyond its current partnerships with startups.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

Apple Supplier Foxconn Considers Buying Nissan Shares, But Only If An EV Deal Is In Place

<h2 class="wp-block-heading">New On The Block</h2>
PharmChem, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCHM#OTC">PCHM</a>), the go-to name for drug-detecting sweat patches, is officially exploring strategic alternatives (i.e., mergers, acquisitions, or an outright sale). So far, the board of directors expressed confidence that it can handle things solo as opposed to hiring a banker. For interested suitors, a <a href="https://www.benzinga.com/topic/mergers-and-acquisitions">data room officially opened</a>.
Other auction block items this week:
<ul>
<li>Ontario Teachers&#8217; Pension Plan tapped Lazard to run a sale process for compliance software firm Mitratech. Reuters estimates that the transaction could hover around $4 billion.</li>
<li>Recall how Paysafe (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>) went public <a href="https://www.benzinga.com/news/20/12/18678982/paysafe-goes-public-again-in-spac-deal-what-investors-should-know">via a SPAC in 2020</a>. Today, it&#8217;s for sale, according to <a href="https://www.bloomberg.com/news/articles/2025-02-06/paysafe-is-said-to-weigh-sale-after-getting-takeover-interest?srnd=phx-deals">Bloomberg</a>. The firm, backed by billionaire Bill Foley, is receiving takeover interest.</li>
<li>Switzerland-based Bank J. Safra Sarasin is weighing a takeover offer for Denmark&#8217;s Saxo Bank, per <a href="https://www.bloomberg.com/news/articles/2025-02-03/safra-sarasin-is-said-to-explore-deal-for-denmark-s-saxo-bank?srnd=phx-deals">Bloomberg</a>.</li>
</ul>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Veritas Capital is circling Wall Street data provider Dun &amp; Bradstreet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNB#NYSE">DNB</a>), per <a href="https://www.bloomberg.com/news/articles/2025-02-07/veritas-is-said-in-talks-to-acquire-data-firm-dun-bradstreet?srnd=phx-deals">Bloomberg</a>. Dun &amp; Bradstreet boasts a $4.9 billion market cap.</li>
<li>Bausch + Lomb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) considered &#8220;a full separation&#8221; from Bausch Health Companies Inc. After engaging with potential buyers, that process did not result in a deal. Full separation remains the goal, the company confirmed. Full-year 2024 earnings will be posted on Feb. 19.</li>
<li>KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is adamant about buying Japanese tech group Fuji Soft. The private equity firm upped its offer to around $4.3 billion to outbid a rival firm, Bain Capital.</li>
<li>Bain has another deal in the works, should the Fuji Soft one not work out. The firm is close to buying the pharma unit of Mitsubishi Chemical Group (TYO:<a class="ticker" href="https://www.benzinga.com/stock/TYO:4188#TYO">4188</a>). The price tag is expected to be north of $3.3 billion, according <a href="https://www.bloomberg.com/news/articles/2025-02-06/bain-is-said-to-near-3-billion-deal-for-mitsubishi-pharma-unit?srnd=phx-deals">to</a> Bloomberg.</li>
</ul>
<h2 class="wp-block-heading">Off The Block</h2>
<ul>
<li>Meanwhile, Bain Capital <a href="https://www.plasticsnews.com/news/hillenbrand-sells-majority-stake-milacron-bain-capital-287m">agreed</a> to buy a 51% stake in Milacron, a provider of plastic processing equipment and services. Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) sold the stake for $287 million. </li>
<li>Riverwood Capital agreed to <a href="https://en.globes.co.il/en/article-riverwood-capital-buys-israeli-ai-pricing-co-quicklizard-1001501462">buy</a> Munich-based Quicklizard (TASE: QLRD), a pricing platform for retailers and brands, for roughly $52 million.</li>
<li>TPG <a href="https://www.benzinga.com/25/02/43537313/why-altus-power-stock-is-gaining-today">agreed to buy</a> Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>), an owner of commercial-scale solar in the U.S., for around $2.2 billion.</li>
<li>Another solar-related deal: Turn/River Capital agreed to buy Austin, Texas-based SolarWinds (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) for $4.4 billion — a 35% premium to the stock&#8217;s closing price on Thursday, Feb. 6.</li>
<li>Montreal-basedValsoft, a software firm backed by Coatue Management and Viking Global Investors, acquired VHL Sistemas, a Brazilian provider of cloud-based notary management software.</li>
<li>BCI, a Canadian asset management, agreed to buy Luxembourg-based investment BBGI Global Infrastructure (LSE: BBGIB). Reuters reported that the deal cost around 1 billion pounds ($1.24 billion).</li>
<li>EP Global Commerce, backed by billionaire Daniel Kretinsky, <a href="https://www.bloomberg.com/news/articles/2025-02-06/czech-billionaire-kretinsky-seeks-to-take-metro-private-again?srnd=phx-deals">purchased</a> Düsseldorf, Germany-based Metro at a 2 billion euro ($2.76 billion) valuation. </li>
<li>Databricks, valued at $62 billion, <a href="https://www.infoworld.com/article/3817328/databricks-acquires-bladebridge-to-aid-data-warehouse-migrations.html">acquired</a> BladeBridge and its talent to bolster enterprise data warehouse migrations.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) reportedly revived its interest in buying Düsseldorf, Germany-based Ceconomy AG. The Chinese e-commerce giant last showed interest in the <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43496221/jd-coms-stock-dips-as-ceconomy-deal-heats-up-in-germany-is-the-e-commerce-king-eyeing-expansion">German retailer in 2023</a>.</li>
<li>Nissan Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) CEO Makoto Uchida informed Honda Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) CEO Toshihiro Mibe of his intention to terminate discussions <a href="https://www.benzinga.com/markets/asia/25/02/43517930/nissan-ceo-seeks-to-end-honda-merger-talks-report">on a potential merger</a>.</li>
<li>Brookfield completed its $1.7 billion acquisition of Houston-based Chemelex, a provider of electric thermal and sensing solutions. Goldman Sachs advised nVent Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>) on the sell side.</li>
<li>Court Square Capital Partners and WindRose Health Investors completed a $1.1 billion buyout of Frisco, Texas-based infusion company Soleo Health. H.I.G. Capital.</li>
</ul>
<h2 class="wp-block-heading">Bankruptcy Block</h2>
Judge Christopher Lopez has rejected a deal that would have facilitated a second auction attempt for Alex Jones&#8216; media company, Infowars. This ruling, as reported by <a href="https://www.npr.org/2025/02/05/g-s1-46738/infowars-alex-jones-onion-bankruptcy-judge-sandy-hook">NPR</a>, provides another temporary reprieve for Jones, but delays the Sandy Hook families' efforts to collect the $1.3 billion in defamation damages awarded nearly seven years ago.
Lopez explained he couldn&#8217;t approve the deal because Infowars&#8217; parent company, Free Speech Systems (FSS), is no longer in bankruptcy. That means, he rules, its assets cannot be sold—only Jones&#8217; ownership stake in the company can be auctioned. And yet, the judge also blocked <a href="https://www.benzinga.com/media/24/11/41982446/jokes-on-jones-onion-backed-by-families-of-sandy-hook-victims-buys-info-wars">a previous offer</a> from satirical website The Onion, which had partnered with the Connecticut families to bid on Infowars. 
Moving forward, Lopez emphasized that any asset sale must be a straightforward cash deal. With this latest decision, the path to recovering damages—and potentially dismantling Jones' platform—remains uncertain.
TGI Fridays has sold 19 more restaurants as part of its ongoing Chapter 11 bankruptcy proceedings.&nbsp;Fremont, California-based Yadav Enterprises, an operator of 340 restaurants across six brands, is <a href="https://www.restaurantbusinessonline.com/financing/tgi-fridays-sells-19-restaurants-out-bankruptcy">buying</a> 16 stores for $3 million in debt. Sugarloaf Hospitality, a firm owned by former TGI Fridays CEO Ray Blanchette, is acquiring three locations for $100,000.
<h2 class="wp-block-heading">Notes From The Block</h2>
Scale Vs. Scope: This week, Bain Capital pointed out a trend in the media sector.
Media deals are becoming &#8220;predominantly cross-industry.&#8221; According to Bain&#8217;s <a href="https://www.bain.com/insights/media-and-entertainment-m-and-a-report-2025/">analysis</a>, using data from Dealogic, more than half of all media industry M&amp;A for the first three quarters of 2024 involved either a target or acquirer outside of their industry.
Here are a few callouts, cited by Bain partners Nicole Magoon, Matt Keith and Alex Egan:
<ul>
<li>The majority of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) transactions used to be &#8220;scale&#8221; (i.e., Pixar in 2006 and 21st Century Fox in 2019); today, there&#8217;s an &#8220;increasing emphasis on scope deals.&#8221; For example, last year, Disney invested in Epic Games, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41052867/disneys-streaming-surge-epic-games-deal-among-key-growth-drivers-says-analyst">the maker of Fortnite</a>.</li>
<li>Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) <a href="https://www.benzinga.com/general/entertainment/24/06/39313096/sony-steps-into-theater-business-with-alamo-drafthouse-purchase">purchased the theater-dinner chain</a> Alamo Drafthouse.</li>
<li>Companies are also doing deals for evergreen IP: Sony Music bought half of Michael Jackson's <a href="https://www.benzinga.com/general/entertainment/24/08/40515995/michael-jacksons-1-5b-catalog-lands-court-approval-for-sale-thriller-for-sony">publishing and recorded music catalog</a>.</li>
<li>Pophouse Entertainment acquired Kiss's catalog as well as <a href="https://www.benzinga.com/general/entertainment/24/04/38116031/sealed-with-a-kiss-rock-band-sells-legacy-for-300m-who-did-gene-simmons-get-into-bed-with">the band members' likenesses</a>. </li>
<li>Private equity funds have invested in smaller production studios with a track record of quality IP. For example, Redbird bought All3Media, seeking an enduring advantage in the video space.</li>
</ul>
Is there risk? &#8220;Acquirers in cross-sector media M&amp;A quickly learn that such deals require a different type of diligence,&#8221; the Bain partners say. &#8220;For one thing, an acquirer is likely to be less familiar with the target's industry. Also, the revenue synergies inherent in scope deals are harder to realize and underwrite than cost synergies.&#8221;
For last week&#8217;s <a href="https://www.benzinga.com/news/global/25/01/43402048/deal-dispatch-sage-and-silvus-are-up-for-sale-mrbeast-secures-20b-for-tiktok">Deal Dispatch, click here</a>.
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<li><a href="https://www.benzinga.com/real-estate/25/02/43535187/gwyneth-paltrow-sells-la-home-for-22m-heres-a-look-at-actor-turned-business-moguls-pricy-property-portfolio">Gwyneth Paltrow Sells LA Home For $22M. Here&#8217;s A Look At Actor-Turned-Business-Mogul&#8217;s Pricy Property Portfolio</a></li>
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Nissan Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) CEO Makoto Uchida has informed Honda Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) CEO Toshihiro Mibe of his intention to terminate discussions on a potential merger, Asahi <a href="https://www.asahi.com/ajw/articles/15613735">reported</a> Thursday. 
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