Japanese car giants Honda and Nissan are working out the details of a major merger that could create the world’s third-largest automaker, as the companies look to survive in an industry faced with uncertainty.
The Tesla-led shift toward electric vehicles, and China’s increased importance in the automotive market, have companies like Honda and Nissan feeling the pressure to compete. If they go through with the merger, it could be completed by 2026. Nissan’s partner company Mitsubishi is supposed to decide by the end of January 2025 whether it would join this new alliance.
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