Honda and Nissan Announce Merger Plans to Form Third-Largest Automaker

The Japanese carmakers aim to finalize the merger by 2026, addressing EV competition and shared technological challenges.

Honda and Nissan have signed a memorandum of understanding to merge under a joint holding company, with Mitsubishi Motors considering joining by January 2025.
The merger would create the world's third-largest automaker by sales, behind Toyota and Volkswagen, producing approximately 8 million vehicles annually.
Honda will lead the new management structure, with plans to list the holding company on the Tokyo Stock Exchange by August 2026.
The companies aim to achieve $191 billion in annual sales and over $19 billion in operating profit by leveraging shared resources and scaling EV and software development.
This move comes as both automakers face intense competition from Tesla and Chinese EV makers, with Nissan struggling financially and cutting 9,000 jobs globally.