logo
welcome
Investor's Business Daily

Investor's Business Daily

Another Japanese Car Giant Joins Huge Christmas Rally

Investor's Business Daily
Summary
Nutrition label

83% Informative

Honda and Nissan confirm they are in talks about a possible merger at time of auto industry upheaval.

Both Toyota and Honda posted quarterly profit declines in November , amid challenges in critical global markets, including the U.S. Japan and China .

Toyota plans to increase its return on equity ( ROE ) to 20% , up from market forecasts of 11% for the fiscal year ending in March .

Honda also said it plans to buy back up to $7 billion of its shares by Dec. 23 next year .