Honda's shares went up by as much 17% when local markets opened on Tuesday.

What is the outlook for the Nikkei 225 index as investors focus on the proposed Nissan and Honda merger to create third-biggest automaker

The move would bring the two struggling car companies together in a bid to reclaim market share from rising domestic brands in China, the world's largest car market.

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.

The Japanese car giants will merge to create the world’s third-largest automotive group by 2026, as the two companies struggle to keep up with global competitors.

Both companies are grappling with intense global competition in the electric vehicle market from the likes of Tesla and China’s BYD.

A possible merger by Honda and Nissan won't solve Japan's transport electrification crisis, with poor stock performance indicating risks for investors. Click for more.

Honda Motor Co. sketched plans for a drawn-out deal that amounts to an acquisition of Nissan Motor Co., as Japan’s automakers struggle to keep up in an increasingly competitive global car industry.Mos

Honda and Nissan have officially confirmed the rumors that they're pursuing a merger. Both would still operate under their brands but with a new joint holding company as parent. If Nissan-controlled Mitsubishi also came on board,

Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels.