Honda and Nissan Announce Merger Talks to Form World’s Third-Largest Automaker
Japanese automotive giants Honda Motor Co. and Nissan Motor Co. have officially commenced discussions on a potential merger, aiming to establish the world's third-largest car manufacturer by sales. This strategic move is a response to intensifying competition from electric vehicle (EV) leaders such as Tesla and emerging Chinese manufacturers like BYD. The proposed merger would involve the creation of a joint holding company, with plans to finalize discussions by June 2025 and establish the new…