Honda and Nissan have signed an MOU to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company.
Nissan is running out of time and its own executives said it had about 12 to 14 months to survive before it would need some kind of restructuring.
After the merger, Nissan and Honda say they will be better positioned to execute their previously announced team-up on software-defined vehicles and AI.
If all goes according to plan, this will be completed by August 2026.
American buyers are starting to gravitate more to smaller vehicles as high prices make bigger cars less affordable.
Sales of smaller entry-level car models, such as Honda Civic and Nissan Sentra, have taken off this year.
Toyota-Mazda-Subaru, Volkswagen-Xpeng-Rivian a few potentail mergers in Automotive industry.
Elon Musk intervened in shutdown to protect his Chinese interests.
Elon Musk called Rosa DeLauro an 'awful creature'.
The future of the car industry will be tremendously expensive to deliver.