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 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 research and development teams, and optimizing manufacturing systems and facilities. This could help cut costs.
In the US, Nissan sells large pickup trucks and SUVs that Honda doesn’t offer, alongside more experience in EVs and plug-in electric vehicles. On the other side, Honda has relatively stable financials while Nissan has been…
