Why Nissan and Toyota Popped Today, but Honda Motor Dropped

There were big things happening in Japan on Wednesday as news of a potential merger by Nissan Motor  (OTC: NSANY) and Honda Motor (NYSE: HMC) sent Nissan shares up by 18.5% through 2:25 p.m., but pushed Honda stock down by 3.3%. Meanwhile, investors in one automaker that these two would be teaming up to compete with, Toyota Motor (NYSE: TM), aren't one bit worried.Toyota stock was up 2.6%.As Nikkei Asia reported last night, Nissan and Honda are discussing the creation of a new holding company that would own both automakers, allowing them to join forces to better compete with both Toyota (now the world's largest automaker) and also the slew of automakers based in China (now the biggest producer of electric cars). Nikkei specifically cited the rising power of China's BYD and its dominance in electric car manufacturing as a concern to the Japanese car companies. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool