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Japanese automakers, Honda and Nissan, have announced their plans to tie-up to become the world’s third-largest automaker by sales. Nissan’s alliance member, Mitsubishi, is also a part of the agreement. (Source: Link)
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- This merger could result in worth more than $50 billion based on the market capitalisation of all three automakers.
- Nissan, Honda and Mitsubishi announced in August that they would share components for electric vehicles like batteries and jointly research software for autonomous driving.
- From Nissan, Honda could get truck-based body-on-frame large SUVs such as the Armada and Infiniti QX80 that Honda doesn’t have, with large towing capacities and off-road performance.
- Nissan also has years of experience building batteries and electric vehicles, and gas-electric hybrid powertrains that could help Honda in developing its own EVs and next generation hybrids.
- Honda, on the other hand, is viewed as the only likely Japanese partner able to effect a rescue of Nissan, which has struggled following a scandal that began with the arrest of its former chairman Carlos Ghosn.
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