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

Core Viewpoint - Japanese automakers Honda Motor Co. and Nissan Motor Co. are considering a merger to enhance their competitiveness against foreign electric vehicle manufacturers like Tesla and BYD [1][2]. Group 1: Merger Negotiations - Honda and Nissan are reportedly entering merger negotiations, which could lead to the formation of a holding company [2]. - This potential merger would create one of the largest automotive companies globally, positioning them better in the competitive landscape [2]. Group 2: Competitive Landscape - The move is primarily driven by the need to compete more effectively against established foreign electric vehicle makers, particularly Tesla and China's BYD [1].