The deal would create the world's third-largest automaker.

Japanese auto giants Nissan and Honda have announced plans to merge their businesses into one in 2026 following recent speculation surrounding a possible tie-up.

The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses.

Japanese automakers Honda and Nissan have announced plans to join forces, forming world’s third-largest automaker by sales.

TOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member […]