Economic Watch: Japan's Honda, Nissan eye merger to enhance competitiveness in EVs

TOKYO, Dec. 24 (Xinhua) -- Japanese automakers Honda Motor and Nissan have agreed to begin merger talks, hoping to establish a new holding company by around August 2026, driven by the global auto industry's fierce competition in electrification and software integration, while analysts said the alliance faces structural obstacles.

The two companies on Monday signed a memorandum of understanding to start discussio