Honda, Nissan, and Mitsubishi are joining forces to operate together under a single holding company, in a bid to stave off fierce competition globally.
A joint statement issued by Nissan and Honda, where the two companies announced their partnership – which follows murmurs about the merger heard last week stated this plan. Nissan also holds a 24.05% stake in Mitsubishi and previously expressed an intention to bring it into the fold under this new venture.
With that, the trio will together form the world’s third largest automaker after Volkswagen AG and Toyota.
Honda and Nissan have been cozying up since March, partnering on tech and research initiatives to catch up with global trends towards zero-emissions and autonomous driving-capable vehicles. The merger is set to be completed by August 2026.
Once that’s complete, we can expect to see the three brands share vehicle platforms and…
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