Nissan and Honda confirmed discussions on future collaboration amid financial struggles, denying any merger agreement. Nissan's share prices surged 22%, while Honda's dipped 3%.
Both Nissan and Honda are grappling with financial difficulties. A potential merger could create a $55 billion entity to better compete against industry giants Toyota and Volkswagen.
Despite talks of collaboration with Mitsubishi and parts-sharing initiatives for electric vehicles, the two Japanese carmakers face pressures from rising competition, particularly from China.
The auto industry is shifting rapidly, and collaboration among Japanese automakers is seen as essential for survival amidst falling profits and rising competition from Chinese EV makers.
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