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submitted 2 days ago by MicroWave@lemmy.world to c/world@lemmy.world

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.

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[-] TwoBeeSan@lemmy.world 13 points 2 days ago
[-] megane_kun@lemm.ee 3 points 1 day ago* (last edited 1 day ago)

I don't think they have ever left. They're probably not as influential and as powerful as the South Korean Chaebols, but they pretty much never left.


EDIT:

Clarified confusing double negative.

this post was submitted on 23 Dec 2024
218 points (99.1% liked)

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