<ul><li>Nissan and Honda have officially confirmed plans to pursue a merger, forming a new joint holding company as parent.</li><li>The merger would make the combined group the world's third largest automaker by sales volume and potentially have a net worth of up to $50 billion.</li><li>Integration talks are still preliminary, aiming for a definitive agreement by June 2025, subject to shareholder approval and Nissan executing a turnaround.</li><li>The merger would involve standardizing vehicle platforms, unifying research and development teams, and optimizing manufacturing systems, potentially leading to significant layoffs.</li></ul>

Nissan and Honda officially announce plans to merge

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