Autos

Nissan, Honda announce merger to create third largest auto company – Abccolumbia.com


 

(CNN)– The Japanese auto-making titans Honda and Nissan have formally agreed to hold talks over the next 6 months.

The possible deal would create the world’s 3rd largest automaker and give them more resources to compete with a growing threat from Chinese carmakers.

Mitsubishi, which is already in an alliance with Nissan will also take part in the talks.





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