<ul><li>Honda, Nissan, and Mitsubishi have confirmed they are in talks for a possible three-way merger as they face declining sales and competition from Chinese brands.</li><li>The merger would create the world's third-largest carmaker in terms of annual sales, positioning them behind Toyota and Volkswagen.</li><li>Japanese carmakers, except for Toyota, are struggling to invest in the transition to electric vehicles, while Chinese manufacturers aggressively pursue the EV market.</li><li>Former Nissan CEO Carlos Ghosn, currently in Lebanon, expressed doubts about the merger's success due to similarities between Honda and Nissan.</li></ul>

Honda, Nissan and Mitsubishi confirm they are in merger talks

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