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Honda and Nissan plan major merger focused on ‘intelligence and electrification’

Japanese car giants Honda and Nissan are working out the details of a major merger that could create the world's third-largest automaker, as the companies

Japanese car giants Honda and Nissan are working out the details of a major merger that could create the world’s third-largest automaker, as the companies look to survive in an industry faced with uncertainty. The Tesla-led shift towards electric vehicles, and China’s increased importance in the automotive market, have companies like Honda and Nissan feeling the pressure to compete. Nissan and Mitsubishi are already in a partnership with French automaker Renault, though that relationship has grown increasingly fraught — especially after former chairman of the alliance, Carlos Ghosn, was arrested in Japan on allegations of financial misconduct and subsequently fled the country.

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