Japanese automakers Honda and Nissan have announced plans to join forces, forming the world’s third-largest automaker by sales as the industry transitions away from fossil fuels. The two companies have signed a memorandum of understanding to integrate their businesses, with smaller Nissan alliance member Mitsubishi Motors also joining the talks.
Honda’s president, Toshihiro Mibe, stated that Honda and Nissan aim to unify their operations under a joint holding company, with Honda initially leading the new management while retaining the principles and brands of each company. The formal merger agreement is expected by June, with completion targeted for August 2026.
