Summary
Honda, Nissan, and Mitsubishi have confirmed merger talks to form the world’s third-largest carmaker by annual sales, aiming to tackle challenges from Chinese competition and the shift to electric vehicles.
The proposed merger, through a joint holding company, seeks to combine resources as Japan’s automakers struggle with declining sales and costly EV transitions, lagging behind leaders like Toyota and Chinese rivals BYD.
Nissan's former CEO Carlos Ghosn criticized the plan, citing overlapping operations, while executives called it a pivotal move amid unprecedented industry changes. Mitsubishi will decide on joining by January's end.
It feels like we're heading for more robber barons, sit down strikes, and labor wars. 100 years later, but I suppose the more things change the more they stay the same.
In the end, we will all be working for TacoBell-Disney. I look forward to living in Mega-Chalupa 1.
After the great restaurant wars, all restaurants are now Taco Bell...
Was this before or after The Matress Wars?
It is a cycle and they got us cornered again