Honda-Nissan Merger to Create $54 Billion Auto Giant by 2026

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Nissan Motor Co. is an automobile manufacturing company based in Japan with its headquarters situated at Yokohama.

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Honda Motor Co. is also a Japan based multinational automobile manufacturer with its headquarters at Tokyo.

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Both the companies are quite popular and their names can be often seen on the road with models like Nissan Altima, Nissan Sentra, Honda City and so on.

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For a while now, Nissan Motor Co. has been suffering severe financial setbacks, currently with its profit and net income in rapid decline.

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Honda Motor Co. too faces problems like extreme production inefficiencies, which led both the companies to come to a decision crucial to the entire industry.

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In the hope of better results, the two Japan based automobile manufacturing companies have decided upon merging.

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The Nissan Co. suffered so much loss last year that thousands of people lost jobs and the company saw a significant production cut.

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Most importantly, their performance significantly dropped in China, a place where brands like Mercedes Benz, Volkswagen and many more have also been seen struggling with market position.

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Nissan motor Co. has set humble goals of production for its upcoming fiscal year in an effort to come out of its severe market conditions.

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