Honda and Nissan have announced plans to join forces, forming the world’s third-largest car maker by sales.
The two Japanese companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors had also agreed to join the talks on integrating their businesses.
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The merger would catapult the firms into a top position in an industry undergoing tectonic shifts as it transitions away from reliance on fossil fuels.
