In a significant move, Honda and Nissan are planning to merge under a single holding company. The top executives will be chosen by Honda’s leadership, signaling a historic reshuffling of Japan’s auto industry. This strategic alliance aims to keep the country’s second- and third-largest players competitive in a rapidly changing market dominated by new competitors and emerging technologies.
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Source: https://www.autonews.com/honda/an-honda-nissan-merger-talks-2