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M&amp;A: Nissan Motor Corporation and Honda Officially Announce Merger Talks To Create World&#39;s Third Largest Automaker &#128680;

The new entity would trail only Toyota Motor Corporation and the Volkswagen Group in annual sales - producing 8 million units.

According to the Honda CEO, the deal would aim to share intelligence and resources and deliver economies of scale and synergies while protecting both brands.

The merged entity could generate $30 Trillion yen ($191.4B) in revenue and an operating profit in excess of 3 trillion yen, he added.

Mitsubishi Corporation, which has been in an alliance with Nissan since 2016, will also participate in the talks.

This move is seen as a response to the intense competition from Chinese automakers such as BYD on the world-stage

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M&A: Nissan Motor Corporation and Honda Officially Announce Merger Talks To Create World's Third Largest Automaker 🚨

The new entity would trail only Toyota Motor Corporation and the Volkswagen Group in annual sales - producing 8 million units.

According to the Honda CEO, the deal would aim to share intelligence and resources and deliver economies of scale and synergies while protecting both brands.

The merged entity could generate $30 Trillion yen ($191.4B) in revenue and an operating profit in excess of 3 trillion yen, he added.

Mitsubishi Corporation, which has been in an alliance with Nissan since 2016, will also participate in the talks.

This move is seen as a response to the intense competition from Chinese automakers such as BYD on the world-stage

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