Deal would create world’s third-largest carmaker with £46bn annual sales amid competition from China

Summary

Honda, Nissan, and Mitsubishi have confirmed merger talks to form the world’s third-largest carmaker by annual sales, aiming to tackle challenges from Chinese competition and the shift to electric vehicles.

The proposed merger, through a joint holding company, seeks to combine resources as Japan’s automakers struggle with declining sales and costly EV transitions, lagging behind leaders like Toyota and Chinese rivals BYD.

Nissan’s former CEO Carlos Ghosn criticized the plan, citing overlapping operations, while executives called it a pivotal move amid unprecedented industry changes. Mitsubishi will decide on joining by January’s end.

  • Nougat@fedia.io
    11·
    2 days ago

    I wonder if this includes things like Mitsubishi trucks and heavy equipment.

    • mommykink@lemmy.worldEnglish
      71·
      2 days ago

      WOOBY but I believe that Mitsubishi Fuso is its own entity, like Volvo Trucks sharing only a name with the consumer cars

      • spamspeicher@feddit.orgEnglish
        3·
        24 hours ago

        Mitsubishi Fuso is part of Daimler Trucks, aka Mercedes Benz. But they should not be confused with Mercedes Benz, the car manufacturer, they are both separate companies.