Honda and Nissan have signed a memorandum of understanding to start discussions that could pave the way for a merger, reports GlobalData.
In an attempt to turn down the heat surrounding its merger with Honda, Nissan released an official statement on the matter.
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The tie-up is a response to industrywide challenges that are pushing automakers to combine.
The problem is there is no likely outcome that would leave both companies and their employees better off than they are today.
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