Japan's Honda and Nissan to reportedly begin merger talks

Nissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported on Tuesday.

Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to the report. U.S.-traded shares of Honda were up roughly 2% during midday trading Tuesday. Over-the-counter shares of Nissan jumped more than 11%.reportedly plan to enter into negotiations for a merger to better compete in the rapidly changing global automotive industry, theHonda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to the report.

The merger report follows the two Japanese automakers entering into a strategic partnership earlier this year on shared automotive components and software. Such a tie-up would be the largest automotive industry merger since Fiat Chrysler joined with France-based PSA Groupe to formincrease in mergers and acquisitions

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