Honda and Nissan Plan Merger and Joint Holding Company to Form World’s Third-Largest Automaker Amid Electric Vehicle Market Shift

Dec 23, 2024, 11:05 AM

Japanese automakers Honda and Nissan have announced plans to merge, which would create the world's third-largest automaker by sales. The companies aim to establish a joint holding company as part of this effort, reflecting a strategic move amid significant changes in the automotive industry, particularly the shift away from fossil fuels. This merger is seen as a crucial step for both companies to enhance their competitive position in a rapidly evolving market. The announcement comes as the industry faces increasing pressure to transition towards electric vehicles and sustainable practices.