In a move that could reshape the global automotive landscape, Honda and Nissan have formally agreed to explore a potential merger over the next six months.
This strategic alliance aims to combine their strengths and resources to better compete with the rapidly growing Chinese auto industry.
The partnership would create the world's third-largest automaker, trailing only Toyota and Volkswagen in global sales.
Mitsubishi, which already has an existing alliance with Nissan, will also participate in the discussions.