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Experts on Honda and Nissan's talks to deepen ties

^{Published on 2024-12-18 02:40:48 - Reuters}
 

• Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

The article from Reuters discusses the ongoing talks between Honda Motor Co and Nissan Motor Co to potentially deepen their partnership, focusing on collaboration in electric vehicle (EV) technology. The discussions, which have been ongoing since early 2024, aim to address the challenges both companies face in the rapidly evolving automotive industry, particularly in the shift towards electric vehicles. The talks include exploring joint development of EV components like batteries and software, as well as possibly sharing production facilities to reduce costs. This move is seen as a strategic response to the competitive pressure from both domestic rivals like Toyota and international players like Tesla, amidst a global push for greener transportation solutions. However, no final agreements have been confirmed, and the specifics of what a deepened partnership might entail remain under negotiation.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/experts-honda-nissans-talks-deepen-ties-2024-12-18/ ]

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