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International Business Times
International Business Times
Science
AFP News

Japan's Honda And Nissan To Begin Merger Talks: Report

Nissan Honda Japan Nikkei Honda Motor Nissan Motor Tesla Inc. electric vehicle
Honda and Nissan had already deepened ties earlier in 2024 when they agreed to explore a strategic partnership on electric vehicles (Credit: AFP)

Japanese auto giants Honda Motor and Nissan Motor will enter talks on a merger aimed at helping them compete against Tesla and other electric vehicle makers, newspaper Nikkei reported early Wednesday.

The two firms are looking to operate under a single holding company and will soon sign a memorandum of understanding for the new entity, according to the Tokyo-based Nikkei.

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