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.
Japanese automakers Honda and Nissan have announced plans to work to a merger, forming the world's third-largest automaker by sales as the industry undergoes changes in its move from fossil fuels.
Japanese carmakers Honda and Nissan are reportedly considering a merger — a sign that major global manufacturers are joining forces to compete against their mighty Chinese competitors as the auto world goes electric.
