TOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi […]
Honda and Nissan plan to merge, aiming to create the world's third-largest automaker by sales and better compete with industry leader Toyota. This strategic move comes as the auto industry undergoes a major shift towards electric vehicles, necessitating increased scale and resource pooling to manage the transition.
