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Honda and Nissan reportedly open merger talks

They’re said to discuss stakes in a new holding company for the combined automakers. They’re Japan’s second- and third-biggest vehicle companies.

The Japanese publication Nikkei said the two automakers plan to sign a memorandum of understanding to sort out shared equity stakes in a new holding company for the consolidated rivals. The potential merger would combine the assets of Japan’s second- and third-biggest automakers, giving them a better shot of competing with the nation’s market leader, Toyota. His transition team is said to have recommended ending government support for EVs and charging stations and focusing instead on blocking cars, components and battery materials sourced from China.

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