TOKYO (Reuters) – Honda (NYSE:) and Nissan (OTC:) plan to provide autos at one another’s vegetation as a part of their negotiations to deepen ties, Kyodo information company reported on Saturday, with out citing sources.
The report provides that Honda will even contemplate supplying hybrid autos to Nissan as a part of a attainable merger, with out mentioning the supply of the data.
Honda, Japan’s second-largest automaker, and Nissan, the third-largest, are in talks to deepen their ties with a view to probably making a holding firm, in keeping with two sources conversant in the matter. One of many sources stated the automakers had been additionally discussing a attainable merger.
A merger might create the third largest car group on the planet by way of car gross sales, behind Toyota (NYSE:) and Volkswagen (ETR:), with annual manufacturing of seven.4 million autos.
The 2 automakers solid a strategic partnership in March to cooperate within the improvement of electrical autos, however Nissan has confronted persistent monetary and strategic difficulties in current months.
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