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Honda and Nissan Explore Merger to Form World's Third-Largest Automaker

  • Honda and Nissan are considering a merger to create the world's third-largest automaker, producing 7.4 million vehicles annually, according to Kyodo News Agency.
  • The merger would allow Honda to utilize Nissan's car factory in Britain, as Honda currently only has engine and motorcycle factories in Europe.
  • The two companies formed a strategic partnership in March to develop electric vehicles, but Nissan has faced financial troubles recently.
  • A Honda spokesperson stated, 'Nissan and Mitsubishi Motors are in the process of bringing together our strengths and exploring potential forms of cooperation, but nothing has been decided yet.
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