Why Japanese automakers Honda and Nissan are said to be considering a merger

Japanese automakers Honda Motor Co. and Nissan Motor Co. are exploring the possibility of a merger, according to reports late Tuesday, in a bid to better compete against foreign electric-vehicle makers like Tesla Inc. and China’s BYD.Nikkei Asia first reported late Tuesday that Japan’s second- and third-largest automakers will enter merger negotiations, and are considering operating under a holding company. The Wall Street Journal, Bloomberg News and the New York Times also reported on the possibility of a ...