Honda and Nissan have begun talks regarding a potential merger, marking a historic shift in Japan's auto industry. The move is prompted by the growing competition from Chinese electric vehicle (EV) makers. If the merger succeeds, it would create the world’s third-largest auto group, after Toyota and Volkswagen, and help the companies pool resources. Smaller Mitsubishi, a Nissan shareholder, is also considering joining the deal. The merger aims to address changing industry dynamics and reinforce their global position. Talks are expected to conclude by June 2025, with a holding company in place by 2026. However, former Nissan chairman Carlos Ghosn, who had a controversial departure, expressed doubts about the success of the merger.
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Honda and Nissan Announce Historic Merger Talks to Compete with Chinese EV Giants | AF1G
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