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Honda and Nissan officially begin merger talks to create world’s third-largest automaker

  • Honda and Nissan have started formal talks to merge, which could create the world’s third-largest automaker.
  • Nissan has faced financial challenges since its alliance with Renault collapsed and needs a larger partner.
  • Nissan CEO Makoto Uchida called today a pivotal moment for the company amid these negotiations.
  • Mitsubishi Motors will also join the talks to integrate their businesses, as stated in the memorandum of understanding.
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