Nissan and Honda are seeking to establish a strategic partnership that emphasizes intelligence and electrification, intending to conclude their talks by January 2025.
The proposed merger would not only be the largest in Japanese automotive history but would also position the new entity as the world's third-largest automaker by sales.
Toshihiro Mibe, Honda's Director, expressed hope that Mitsubishi's involvement in the merger discussions could bring about significant social change in the evolving auto industry.
The announcement triggered significant stock market reactions, with Honda's shares rising 13% in premarket trading and Nissan's stock surging nearly 24% after initial reports.
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