Honda, Nissan agree to discuss merger, signalling massive industry shift

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The story "Honda, Nissan agree to discuss merger, signalling massive industry shift" was covered 7 hours ago by Channel News Asia, a news publisher based in Singapore.

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Honda, Nissan agree to discuss merger, signalling massive industry shift - Channel News Asia

Quick Summary:

TOKYO: Honda and Nissan agreed to explore a merger and set up a joint holding company, they said on Monday (Dec 23), which would create the world's third-largest automaker and signals a massive shift in an industry under tremendous upheaval.

Honda and Nissan have been exploring ways to bolster their partnership, including a merger, Reuters reported last week.

The consolidation would create the world's third-largest auto group by vehicle sales after Toyota and Volkswagen as legacy carmakers face growing challenges from Tesla and Chinese rivals.