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Nissan and Honda are considering a merger – Mitsubishi is also expected to be involved

(dpa) After announcing their collaboration on electric vehicles, Nissan and Honda are reportedly considering joining forces. Mitsubishi Motors is also expected to be involved. Japanese automakers have fallen behind in the realm of electric cars. The third-largest car manufacturer could emerge.

United Forces. Makoto Uchida (l), Nissan President, and Toshihiro Mibe, Honda President, at a joint press conference in March. At that time, Nissan and Honda announced that they would collaborate on the development of electric vehicles and automotive intelligence technologies, areas where Japanese car manufacturers have fallen behind. | Photo: Uncredited/Kyodo News/AP/dpa
United Forces. Makoto Uchida (l), Nissan President, and Toshihiro Mibe, Honda President, at a joint press conference in March. At that time, Nissan and Honda announced that they would collaborate on the development of electric vehicles and automotive intelligence technologies, areas where Japanese car manufacturers have fallen behind. | Photo: Uncredited/Kyodo News/AP/dpa
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The two Japanese automakers Honda and Nissan are reportedly planning to discuss a possible merger in response to the intense global competition in electric vehicles. According to the Japanese business newspaper "Nikkei," citing informed sources, the second and third largest companies in the sector are considering establishing a holding company for this purpose, which would also involve Mitsubishi Motors. The two corporations only stated that they are considering various options for future cooperation, but no decisions have been made yet.

Together, they would form the world's third-largest car manufacturer with sales of more than eight million vehicles, approaching Toyota and Volkswagen. The Japanese automakers aim to pool their resources to better compete against Tesla and Chinese electric vehicle manufacturers in a rapidly changing automotive industry, the report said. Nissan's stock, as the largest shareholder in Mitsubishi Motors, surged significantly in response to the alleged merger plans. 

 

Translated automatically from German.
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