but noted the merger was “based on the assumption that Nissan completes its turnaround action.” “If Nissan and Honda fail to stand on their own feet the business integration talks will not come to fruition,” he said. Nissan CEO Makoto Uchida told ...

The proposed deal aims to unify operations under a joint holding company, led by Honda, while maintaining the distinct identities of each brand, according to Honda's president, Toshihiro Mibe. If finalized, the merger would position the combined entity to better compete with market leaders Toyota and Volkswagen.

Honda and Nissan have started talks toward a potential merger, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to some of the world's best known car makers.