<p>Tokyo: Honda and Nissan are expected on Monday to announce the start of business integration talks, according to Japanese media reports, as the automakers look to survive a rapidly changing industry landscape.</p>.<p>The two automakers will likely host board meetings on Monday about the talks and later hold a joint press conference, where Nissan's alliance partner Mitsubishi Motors is also expected to attend, the reports said.</p>.<p>A merger of the three Japanese brands would create the world's No. 3 auto group by vehicle sales after Toyota and Volkswagen, in what would be the biggest industry-reshaping deal since the 2021 formation of Stellantis.</p>.Honda and Nissan consider mutual production of vehicles.<p>Honda and Nissan have been exploring ways to bolster their partnership, including setting up a joint holding company, as they face growing challenges from Tesla and Chinese rivals, Reuters reported last week. Nissan last month announced a plan to cut 9,000 jobs and 20% of its global production capacity after its sales plunged in its key China and U.S. markets.</p>.<p>Forms of collaboration being discussed also include Honda's supply of hybrid vehicles to Nissan and the joint use of Nissan's car assembly factory in Britain, Kyodo News reported on Saturday.</p>.<p>French automaker Renault, Nissan's largest shareholder, is open in principle to a deal and would examine all the implications of a tie-up, sources have said.</p>.<p>Taiwanese manufacturer Foxconn had approached Nissan about a potential bid but paused its interest after it sent a delegation to meet with Renault in France, Bloomberg News reported on Friday.</p>
<p>Tokyo: Honda and Nissan are expected on Monday to announce the start of business integration talks, according to Japanese media reports, as the automakers look to survive a rapidly changing industry landscape.</p>.<p>The two automakers will likely host board meetings on Monday about the talks and later hold a joint press conference, where Nissan's alliance partner Mitsubishi Motors is also expected to attend, the reports said.</p>.<p>A merger of the three Japanese brands would create the world's No. 3 auto group by vehicle sales after Toyota and Volkswagen, in what would be the biggest industry-reshaping deal since the 2021 formation of Stellantis.</p>.Honda and Nissan consider mutual production of vehicles.<p>Honda and Nissan have been exploring ways to bolster their partnership, including setting up a joint holding company, as they face growing challenges from Tesla and Chinese rivals, Reuters reported last week. Nissan last month announced a plan to cut 9,000 jobs and 20% of its global production capacity after its sales plunged in its key China and U.S. markets.</p>.<p>Forms of collaboration being discussed also include Honda's supply of hybrid vehicles to Nissan and the joint use of Nissan's car assembly factory in Britain, Kyodo News reported on Saturday.</p>.<p>French automaker Renault, Nissan's largest shareholder, is open in principle to a deal and would examine all the implications of a tie-up, sources have said.</p>.<p>Taiwanese manufacturer Foxconn had approached Nissan about a potential bid but paused its interest after it sent a delegation to meet with Renault in France, Bloomberg News reported on Friday.</p>