Japan’s second- and third-largest automakers hope the $50 billion deal would help them catch up with Tesla and China’s BYD in electric vehicles and advanced software.

A merger of Nissan and Honda would create the world's third-largest automaker. Honda's top seller is the CR-V, and Nissan's is the Rogue.

Honda's U.S.-listed shares popped Monday morning after the Japanese automaker and Nissan announced plans to merge in 2026.

Honda and Nissan have announced plans to merge as the Japanese automakers struggle with competition from rival brands in the electric vehicle market. The two companies confirmed on Monday that they had signed a memorandum of understanding that would create the third largest car maker by sales,

Honda’s chief executive said the move wasn’t a rescue of troubled Nissan.

Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.

Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy car makers.

Honda and Nissan have announced plans to merge by 2026, aiming to create the world's third-largest automaker by sales volume, trailing only Toyota and

Honda and Nissan have officially confirmed rumors that they're pursuing a merger, the companies wrote in a joint press release.