December 18, 2024 – 6:03 AM PST
TOKYO (Reuters) – Honda (7267.T) and Nissan (7201.T) are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan’s once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.
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A combined Honda and Nissan would create a $54 billion company with annual output of 7.4 million vehicles, making it the world’s third-largest auto group by vehicle sales after Toyota (7203.T) and Volkswagen (VOWG_p.DE).
The two firms already forged a strategic partnership in March to cooperate in electric vehicle…
