Honda and Nissan to Merge by 2026, Form World's No. 3 Automaker

Dec 23, 2024, 02:03 PM

Japanese automakers Honda Motor Co. and Nissan Motor Corp. have announced plans to merge, forming a joint holding company in a move that would create the world's third-largest automaker by sales. The companies aim to finalize the deal by June and complete the merger by 2026, as they navigate tectonic shifts in the automotive industry, including the transition toward electric vehicles and sustainability. Mitsubishi Motors, in which Nissan holds a 24.5% stake, is expected to join the merger discussions. The consolidation aims to bolster Japan's position in the global market as the industry moves away from fossil fuels.