Honda and Nissan to Form Holding Company, Eye Merger with Mitsubishi Amid EV Competition

Dec 17, 2024, 05:03 PM

Honda Motor and Nissan Motor are set to begin negotiations toward a merger, according to Nikkei. The move is aimed at consolidating their resources to better compete against Tesla and Chinese electric vehicle makers in the rapidly evolving automobile industry. The two Japanese automakers are considering the establishment of a holding company under which both companies would operate. The merger talks also have a vision for Mitsubishi Motors to potentially join in the future, aiming to create a formidable group that could rank among the top three globally in the automotive sector.