Tokyo | Japanese auto giants Honda and Nissan will merge to create the world’s third-largest automaker through 2026, as Japanese automakers struggle to keep pace with a global auto industry ruled by Chinese electric vehicle makers.
Under the proposed structure, Honda will take the leadership role in a new corporate holding company whose board is scheduled to expire in August 2026. The merger would bring together Japan’s second and third largest automakers, with an existing market capitalization of more than $40 billion. dollars (64 dollars). billion). four times that of Nissan.
Bloomberg
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