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Honda and Nissan in Talks for Possible Merger

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Automotive Industry,Merger,Honda

Japanese carmakers Honda and Nissan are reportedly in discussions to strengthen their partnership, potentially leading to a full merger. This move comes amid increasing competition from Tesla and Chinese automakers, prompting a reshuffling within Japan's automotive industry. A combined entity would become the world's third-largest auto group by sales, surpassing Hyundai and Kia.

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Japanese carmakers Honda and Nissan are in talks to deepen ties, according to sources, including a possible merger, as challenges from Tesla and Chinese rivals urge a restructuring of Japan’s auto industry. Their combined 2023 sales totalled 7.35 million vehicles, more than the 7.31 million reported by South Korea’s Hyundai and its affiliate Kia, currently the world’s third-largest auto group.Honda produced 4.19 million vehicles globally last year, while Nissan manufactured 3.44 million vehicles.Honda had 194,993 employees as a consolidated group, while Nissan employed 133,580 as of the end of March, according to securities filings.

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