discuss Honda and Nissan announce plans to merge, creating world's third-largest automaker

[mara]

Nissian and Honda are planning to merge their companies together soon, which will create the third largest automobile company in the world.

Do you think this merger will be a good thing or a bad thing? Do you like Nissian and Honda cars or not really?

Where do you think Honda and Nissian went wrong that made them merge their companies?

The news was recently announced;

https://www.cbc.ca/news/business/honda-nissan-merger-1.7417646

Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world's third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.

The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses.

Honda's president, Toshihiro Mibe, said Honda and Nissan will pursue unifying their operations under a joint holding company. Honda will initially lead the new management, retaining the principles and brands of each company. The aim is to have a formal merger agreement by June and to complete the deal and list the holding company on the Tokyo Stock Exchange by August 2026, he said.

 

[Shawn]

It will be great for investors. It will also be great for Japanese auto manufacturing scaling.

It could also be a way to bring car prices down in Western countries and increase the buying of new vehicles.

I have nothing against those brands but I'm a RAM truck guy myself.