Honda, Nissan Announce Launch Of Merger Talks In Joint Statement

Japanese auto giants Honda and Nissan on Monday agreed to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles.

The two firms along with Mitsubishi Motors "have signed a memorandum of understanding to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company", a joint statement said.
 

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