NBC --Japanese automakers Nissan and Honda announced they had entered into official talks to merge and create the world’s third-largest automaker. Honda CEO Toshihiro Mibe said the companies needed greater scale to compete in the development of new technologies in electric vehicles and intelligent driving. Mibe added that if approved, the integration would be a mid to long-term project that is currently not expected to show visible progress until 2030 and beyond. Nissan’s strategic partner Mitsubishi has been offered the chance to join the new group and will take a decision by the end of January 2025. The deal would aim to share intelligence and resources and deliver economies of scale and synergies while protecting both brands, Mibe said.
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