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Honda and Nissan announce merger to form world's third largest car company (www.rfi.fr)

submitted 4 days ago by Joker@sh.itjust.works to c/technology@lemmy.world

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Japanese automakers Honda and Nissan have announced plans to join forces and form the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.

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[–] ChicoSuave@lemmy.world 30 points 4 days ago

The merger isn't supposed to help consumers. It's to help businesses that are incapable of keeping up and need support. The Japanese government has a history of merging companies together to ensure that they stay competitive. MITI did it in the 70s to Japanese technology companies like Sony, Sharp, Panasonic, etc. most of those are still around today and even leading the industry.

Again, this isn't to help any consumers.