The Japanese manufacturers have announced that they are starting negotiations for a merger that could create the world’s third largest player in the automotive sector.
Japanese automobile giant Honda and its compatriot Nissan have agreed to begin negotiations for a merger that will likely create the world number three in the sector, Nissan said in a statement.
Mitsubishi Motors, of which Nissan is the main shareholder, will be able to participate in the negotiations to integrate the new industrial alliance into a “single holding company.” This merger aims to strengthen its position in the electricity sector, a technological sector dominated by the American Tesla and Chinese groups.
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Source: BFM TV
