The two major Japanese automakers are discussing a merger. Here is what to know, from the reasons why they are doing this to how it could impact you.Nissan and Honda are in talks for a merger with the goal to complete it by 2026. It's yet another sign of the big changes hitting the auto sector.The two major Japanese companies are hoping that joining hands will allow them to better compete in an automotive world that's facing seismic changes.
These Chinese upstarts are no longer content to become dominant at home. They are now focused on markets abroad, including key ones for Japanese automakers such as Europe, where Chinese automakers are It's the main reason why analysts say Honda and Nissan are pursuing a merger. Mitsubishi, in which Nissan owns a sizable stake, would also be part of the alliance.The transition to electric globally is another force. While Tesla has led the EV market in the U.S., other companies are nipping at its heels.
It could allow them to pool their expertise and strengths. They could also benefit from more efficient production of vehicles.
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