Honda Motor and Nissan Motor are reportedly in talks to merge their two companies. By merging, the two names in the automotive arena can combine their strengths and resources, while at the same time competing better with other brands in the market.
If these talks go well, Honda and Nissan will operate under a new parent company, which may also include Mitsubishi Motors in the future. Also, Honda and Sony also have a joint venture in the development of electric vehicles.
Today, Honda and Nissan are each facing a fierce challenge from Chinese vehicle manufacturers, especially electric vehicles. Previously, Honda and Nissan were ready to announce a collaboration for electric vehicles.
With this development, let's look forward to what's next for these two companies, and how they will continue to compete in the increasingly competitive automotive arena lately.