Honda and Nissan in preliminary merger talks: Reports

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Honda and Nissan in preliminary merger talks: Reports - Channel News Asia

Quick Summary:

TOKYO: Japanese auto giants Honda and Nissan are in preliminary merger talks to help them compete against Tesla and Chinese electric vehicle makers, media reports said on Wednesday (Dec 18).

China overtook Japan as the world's biggest vehicle exporter in 2023, helped by its dominance in EVs, a sector where Japanese firms have lost ground by focusing on hybrid vehicles.

"We are discussing possibilities for cooperation ...in a wide range of fields and in various areas, and those possibilities include the latest reports, but there is nothing decided," a Honda spokesman told AFP on Wednesday.