Honda and Nissan have confirmed that they are engaged in discussions regarding a potential collaboration, which, if successful, would result in the formation of the world’s third-largest automaker by sales. The makers said today that they will be signing an MOU, which could include Mitsubishi. Honda and Nissan signed a deal earlier this year to collaborate on software for cars and electric cars. Nissan is in financial trouble and is looking for help after announcing that it would join with Honda. This is a Christmas miracle for the company. Mitsubishi and the two Japanese car giants made their partnership official today. This comes after rumors of a merger first came up last week. If the talks go well, the combined company will be third in the world in terms of sales output. The talks are going on even though Nissan is still having money problems. Last week, the car company said that some Infiniti dealerships will be able to join close Nissan stores to save money. In addition to CEO Makoto Uchida’s 50% pay cut, the company has already said it wants to reshape its internal structure and lay off workers. In a news release, he stated, “If this integration materializes, we anticipate being able to provide even greater value to a broader range of customers.” They plan to think about the merger for another six months and hope to finish it by August 2026. As part of the merger, their businesses will be run by a single-parent company. Toshihiro Mibe, CEO of Honda, said that the companies have decided to work together to better handle the changing business. In this era of transformation in the automobile industry, said to happen once every century, we hope that Mitsubishi Motors’ involvement in the business integration discussions between Nissan and Honda will drive further social progress and position us as a leading company in creating new value in mobility through this collaboration,” stated the CEO. When Invoice Pricing called Honda and Nissan’s North American divisions to ask what they thought about the merger plans, both companies told us to read the public comments made by the CEOs.
