Japanese automakers Honda and Nissan announced plans to merge, aiming to create the world’s third-largest automaker by sales. As part of Nissan’s alliance with Renault, Mitsubishi Motors will also join integration talks.
The merger, valued at over $50 billion, would produce a combined annual output of 8 million vehicles, still trailing Toyota’s 11.5 million. This move addresses the challenges posed by electric vehicle competition and cost pressures.
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Honda is seen as a potential savior for Nissan, which has struggled since its former chairman Carlos Ghosn’s 2018 scandal. Industry experts note the collaboration could leverage Nissan’s EV expertise and Honda’s robust market position.
Top executives plan to finalize details by June, reflecting broader consolidation trends in the evolving automotive sector.
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