Honda Motor and Nissan Motor are exploring a potential merger to restructure Japan's car industry, aiming to enhance their competitiveness in the face of global challenges.
The collaboration could lead to the formation of a new company, allowing both automakers to pool resources and better confront the pressures of technological changes and competition.
If combined, Honda and Nissan's sales of over three million vehicles each year could elevate them to one of the largest automakers globally, reshaping market dynamics.
Both companies are expected to sign a memorandum of understanding soon, marking the start of formal discussions about partnership expansions and potential merger details.
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