Japan's Honda, Nissan to begin merger talks amid EV competition: media

TOKYO, Dec. 18 (Xinhua) -- Major Japanese carmakers Honda Motor and Nissan Motor will enter negotiations toward a merger, joining their resources to face fierce foreign competition in a rapidly changing automobile industry, local media reported Wednesday.

Japan's second and third largest automakers are considering operating under a holding company, and soon will sign a memorandum of understanding, Nikkei Asia said, citing sources close to the matter.