-Honda Motor and Nissan Motor will enter negotiations toward a merger to build their competitiveness in the electric-vehicle market, Nikkei reported Tuesday.
--The companies began preparing for negotiations in March, and are planning to sign a memorandum of understanding soon, according to the report.
-They are considering operating under a holding company, and eventually hope to bring in Mitsubishi Motors, which would create one of the world's largest auto groups, the report said.
Full article at https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 17, 2024 12:55 ET (17:55 GMT)
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