Car giants confirm mega merger talks

News.com.au - 18/12
Two of the world’s biggest car manufacturers – well known to Aussie motorists – have said they are exploring merger talks which could drastically change the vehicle market.

Two of the world’s biggest car manufacturers – well known to Aussie motorists – have said they are exploring merger talks which could drastically change the vehicle market.

It’s a further example of the radical restructuring of the automotive industry in the wake of electric vehicles and competition from Chinese brands.

Honda and Nissan, both of Japan, have confirmed they are exploring a deal to bring the firms together.

Japanese newspaper Nikkei said a memorandum of understanding between the two was expected to be signed as early as next week.

“Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths,” the companies said in a statement on Tuesday.

“If there are any u...
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