Honda-Nissan-Mitsubishi Merger

[Verbl Kint]

Honda and Nissan to begin merger talks amid EV competition


Automakers eye eventual three-way tie-up with Mitsubishi as industry shifts


TOKYO -- Honda Motor and Nissan Motor will enter negotiations toward a merger, Nikkei has learned, joining their resources to better compete against Tesla and Chinese electric vehicle makers in a rapidly changing automobile industry.

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The Japanese lost in the smartphone and consumer electronics war vs China and Skorea firms. Unless they can adapt and build cheaper models at the 1.5 million price range without sacrificing quality and features... which I doubt they can.

[Verbl Kint]

Here's an update from Nikkei Asia:

'Foxconn risk' sped up Honda-Nissan merger talks, sources say

TOKYO -- Honda Motor and Nissan Motor entered into merger talks in order to rule out the risk of an acquisition by Taiwan's Hon Pai Precision Industry, also known as Foxconn, according to people familiar with the negotiation.

[Verbl Kint]

Foxconn wants to get into the EV business

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Honda, Nissan aim to conclude merger talks in June: source | Kyodo News