Honda and Nissan are in merger talks
CNNCNN — Honda and Nissan are discussing a possible merger, potentially bringing together two Japanese automaking titans that have recently fallen on hard times. “As announced in March, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths,” the companies said in a statement Tuesday. “If there are any updates, we will inform our stakeholders at the appropriate time.” In March, Honda and Nissan announced that they would partner on electric vehicles and in August said they would collaborate on battery technology. Although both companies offer EVs and plug-ins – Nissan, in particular, was a pioneer in EV technology – Chinese brands like BYD have eclipsed their technology and are priced more cheaply.