Nissan and Honda Enter Merger Talks to Form Global Automotive Powerhouse

Nissan Motor and Honda Motor are reportedly initiating merger talks to form a powerhouse holding company, aiming to enhance competitiveness in the evolving global automotive landscape, according to the Nikkei newspaper. The potential merger would see Nissan and Honda operate under a unified holding company, with plans to include Mitsubishi Motors, where Nissan holds a 24% stake. The combined entity is projected to achieve over 8 million vehicle sales annually, positioning it among the world's top automakers, trailing only behind Toyota and Volkswagen. Honda shares closed up approximately 1%, while Nissan's over-the-counter shares surged over 11% following the report. Both companies have yet to confirm the merger plans.