Japanese automakers Nissan and Honda are in talks on a potential merger that could make them the third-largest global automaker. The merger, which also involves Mitsubishi Motors, aims to boost competitiveness amid industry shifts towards electric vehicles and increasing competition from Chinese rivals. The companies plan to finalize details by June, with the potential merger creating a behemoth worth over $50 billion. The move comes as Nissan has faced financial challenges following a scandal involving its former chairman Carlos Ghosn, and as Japanese automakers seek to catch up in the electric vehicle market.
Source: https://apnews.com/article/japan-nissan-honda-evs-foxconn-782913451d6487ed177a3517a9ba5be5