CNN: Nissan and Honda announce merger plans to create world’s no. 3 automaker

Honda and Nissan have agreed to discuss a potential merger, which would create the world’s third-largest automaker, behind Toyota and Volkswagen. Mitsubishi will also join the talks. The merger aims to help the companies compete with Chinese automakers and the shift to electric vehicles. However, past mergers in the industry have faced challenges, and Nissan is currently struggling with financial issues. Analysts predict more industry consolidation may follow.