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submitted 3 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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[-] spamspeicher@feddit.org 3 points 2 days ago

Mitsubishi Fuso is part of Daimler Trucks, aka Mercedes Benz. But they should not be confused with Mercedes Benz, the car manufacturer, they are both separate companies.

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

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