Honda and Nissan announce plans to merge
The day's local, regional and national news, detailed events and late-breaking stories are presented by the ABC 6 News Team, along with the latest sports, weather updates including the extended forecast.
(ABC 6 News) — Automakers Honda and Nissan have announced plans to work towards a merger.
The two Japanese companies signed an agreement on Monday. The deal would for the world’s third-largest automaker by sales and would include the Mitsubishi brand which Nissan owns one-third of.
The companies aim to have a formal merger agreement by June and to complete the deal by August of 2026.
No dollar value was given, and the formal talks are just starting.