Nissan and Honda, two of the biggest automakers in the world, have announced plans to join forces.
They aim to create a new company that will make them the third-largest automaker globally.
This partnership will help them build better cars, cut costs, and focus on cleaner and safer vehicles.
The move could change the car industry and bring exciting new products for customers everywhere.
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Nissan and Honda join hands to become the third-largest automaker
Honda officially shared the news about the merger plans in their newsroom.
Nissan and Honda signed an agreement to explore this big step, and they already have a blueprint of what are going to do after the merger.
Firstly, they plan to work together to achieve carbon neutrality and make cars that are smarter and safer for everyone.
A big part of their plan is to focus on next-generation vehicles, which will use advanced software to improve how cars work.
The two companies also plan to combine their research and development efforts to help them create new technologies faster and for less money.
By working as one team, they can build cars that are better and more affordable.
The merger has big plans for the future
To reduce the costs further, Honda and Nissan will also improve their factories to make production more efficient.
Then comes the plan to streamline their supply chains, meaning, they will buy materials together, making the process simpler and more cost-effective.
To manage this partnership, Nissan and Honda will create a joint holding company by August 2026, which will be listed on the Tokyo Stock Exchange, and both brands will become its subsidiaries.
With an expected revenue of over 30 trillion yen, this partnership could bring big changes to the car world.
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