The companies hope that a merger could help them better compete against Tesla and Chinese EV makers. Profits were down in the latest earnings reports for all three of Japan's top auto companies — Toyota, Nissan, and Honda — with slumping sales in China ...

Honda and Nissan signed a basic agreement for merger talks, according to a joint media briefing held in Tokyo. Honda also said it will buy back as much as $7 billion of its own shares.

Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels

Japan's Honda and Nissan said Monday they had embarked on formal merger talks that would create the third-largest car manufacturer globally with sales of as much as $191.4 billion and more than $19 billion profit.

Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming world’s third-largest automaker by sales.

Honda and Nissan have started talks toward a potential merger, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to some of the world's best known car makers.

Nissan and Honda agreed to consider a merger and set up a joint holding company, which would create the world's third-largest automaker.