Deal would create world’s third-largest carmaker with £46bn annual sales amid competition from China

Summary

Honda, Nissan, and Mitsubishi have confirmed merger talks to form the world’s third-largest carmaker by annual sales, aiming to tackle challenges from Chinese competition and the shift to electric vehicles.

The proposed merger, through a joint holding company, seeks to combine resources as Japan’s automakers struggle with declining sales and costly EV transitions, lagging behind leaders like Toyota and Chinese rivals BYD.

Nissan’s former CEO Carlos Ghosn criticized the plan, citing overlapping operations, while executives called it a pivotal move amid unprecedented industry changes. Mitsubishi will decide on joining by January’s end.

    • qyron@sopuli.xyz
      31·
      2 days ago

      Stellantis dominates the european market of small cargo vans, equipped with the legendary PSA 1500cc diesel engines, know for being reliable anf long lasting.

      These same engines are being applied to other cars, under four separate badges (actually, five) and those four brands make up for a big part of the market.

      I am aware Stellantis treats their employees very badly but their cars have been gainning in the quality sector, with good design and very nive interiors.