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Honda and Nissan announce merger to form world's third largest car company (www.rfi.fr)

submitted 5 days ago by Joker@sh.itjust.works to c/technology@lemmy.world

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Japanese automakers Honda and Nissan have announced plans to join forces and form the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.

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[–] sugar_in_your_tea@sh.itjust.works 1 points 4 days ago

How so? Renault had a massive stake and likely made bank while Nissan did well in the US, and they'll probably get a good deal on their shares with this merger. They're probably making out like bandits.