More consolidation and synergy in the automobile industry!
"Honda Motor and Nissan Motor will enter negotiations toward a merger, Nikkei has learned, joining their resources to better compete against Tesla and Chinese electric vehicle makers in a rapidly changing automobile industry.
Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding. Their respective stakes in the new entity, as well as other details, will be decided later."
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