Honda and Nissan Aim to Reach an Agreement by June 2025

Forex - Honda and Nissan will announce today an agreement to explore a merger by establishing a joint holding company, aiming to reach a deal by June 2025. As the legacy automakers face increasing challenges from Tesla and Chinese competitors, this consolidation will form the world's third-largest automotive group by vehicle sales, following Toyota and Volkswagen. Honda, Japan's second-largest automaker after Toyota, has a market value of over $40 billion, while third-placed Nissan is valued at approximately $10 billion.