Honda, Nissan in merger talks to form world's 3rd-biggest auto group

Honda Motor Co. and Nissan Motor Co. have begun talks on a merger that would create the world's third-biggest automaker group by volume, sources familiar with the matter said Wednesday, amid fierce global competition in electric vehicles dominated by overseas rivals.Japan's second- and third-largest automakers are considering the possibility of establishing a holding company, the sources said, in an apparent bid to form an automobile alliance to challenge Tesla Inc. of the United States and Chinese EV makers such as BYD Co.The talks come as speculation swirls among industry officials that T…READ FULL ARTICLE