According to reports, Honda and Nissan of Japan will start negotiating a merger.

 

Any adjustments will be communicated to our stakeholders at the appropriate time. Following the two Japanese automakers’ August strategic alliance on common automotive software and components, the merger report was released.

This partnership would be the biggest in the automotive sector since Fiat Chrysler and PSA Groupe, a French company, formed Stellantis in January 2021.

In order to share costs and better compete with China’s quickly growing manufacturers and the United States’ leader in all-electric vehicles.

Tesla, automotive consultants and other experts have lately called for a rise in mergers and acquisitions.

At lunchtime on Tuesday, Honda’s shares that are traded in the United States were up about 2%. Nissan’s over-the-counter stock increased by over 11%.

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