World's No. 3 Automaker

Two of Japan's biggest car companies, Honda and Nissan, have officially shared their plans to join forces. This union would form the world's third-biggest vehicle maker in terms of money earned ($191B), coming after Toyota and Volkswage.  (see more).

Honda and Nissan signed an important agreement yesterday, aiming to create a shared parent company by August 2026 and include Nissan's partner Mitsubishi. Market experts see this deal as a much-needed boost for Nissan, which recently said it would cut 9,000 jobs and has been struggling with lower profits due to old car models in America and weak sales in China. 

Both companies' leaders explained that joining together would help them create new car technologies as they move away from gas-powered vehicles, including managing costs for smart cars and electric vehicles. They plan to finish talks in June 2025. Honda's stock value went up by almost 13% after this news.