EGN NEWS DESK
Honda Motor and Nissan Motor are making ready to start out negotiations on a doable merger, which in the end could possibly be expanded to incorporate Mitsubishi Motors, Japan’s Nikkei reported Tuesday.
Such a deal would create an automotive rival to Toyota Motor that will successfully consolidate the Japanese auto trade into two camps. It would additionally present Honda and Nissan with extra sources to compete with bigger friends after downsizing long-held world partnerships with different carmakers: France’s Renault SA for Nissan and General Motors for Honda.
The transfer towards a merger would observe a call by the 2 firms earlier this 12 months to work collectively on electrical car batteries and software program. At that point, Honda Chief Executive Officer Toshihiro Mibe floated the potential of a capital tie-up with Nissan.
