Brief by Shorts91 Newsdesk / 10:53am on 23 Dec 2024,Monday Business
Japanese carmakers Honda and Nissan have announced plans to merge, creating the world's third-largest automaker by sales, following Toyota and Volkswagen. The merger will include Mitsubishi Motors, part of the Nissan Alliance, and focus on cutting costs and competing in the electric vehicle (EV) market. Honda’s president, Toshihiro Mibe, stated the new company would retain each brand’s principles, aiming to finalize the deal by August 2026. With a combined market value exceeding $50 billion, the collaboration seeks to address EV components, autonomous driving software, and global market competition. Mibe cautioned the merger's implementation is not guaranteed.
