TOKYO – Honda Motor Co. and Nissan Motor Co. said Monday they have agreed to begin talks on merging under a holding company in 2026, which would create the world’s third-largest automaker group to compete with U.S. and Chinese electric vehicle manufacturers.
Honda and Nissan, Japan’s second- and third-largest carmakers by volume, respectively, aim to conclude negotiations in June 2025, while Mitsubishi Motors Corp., Nissan’s partner, will decide by the end of next month whether to join the merger, the automakers said.
(From L) Nissan Motor Co. President Makoto Uchida and Honda Motor Co. President Toshihiro Mibe attend a joint press conference in Tokyo on Dec. 23, 2024. (Kyodo)
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