Honda and Nissan to Merge, Creating Auto Industry Giant
Honda and Nissan, facing increased competition from Chinese and American automakers, have announced plans to merge, creating the world’s third-largest automaker. The merger, which includes Mitsubishi Motors, aims to improve competitiveness in the electric vehicle market and reduce costs through operational unification under a joint holding company. A formal agreement is targeted for June 2025, with the merger finalized by August 2026, although the companies acknowledge the possibility of failure. This consolidation reflects a broader industry trend toward mergers amid rapid technological advancements and shifting global market dynamics.
John Q. Hosedrinker