Honda and Nissan have officially confirmed the rumors that they’re pursuing a merger. Both would still operate under their brands but with a new joint holding company as parent. If Nissan-controlled Mitsubishi also came on board, the combined group would become the world’s third-largest automaker by sales volume, with a net worth of up to $50 billion.
Nissan and Honda previously announced plans to work together on EV development, but the joint company would be far more integrated. According to the press release, it could include standardizing vehicle platforms, unifying
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