Automakers are joining forces to boost their scale and competitiveness to contend with industry newcomers like iPhone maker Foxconn.

In December 2024, reports emerged that two of Japan's automotive juggernauts are looking to form a merger akin to the automotive equivalent of a 'dream team.' On Dec. 23, the leaders of Japanese automakers Nissan (NSANY) and Honda (HMC) announced that they intend to merge under a holding company in an effort to stay competitive against its rivals in a world shifting towards electric vehicle adoption.

The mooted Honda Nissan merger and the fallout from leadership change at Stellantis suggests the auto industry must brace for turmoil, where size is a survival necessity.

Hon Hai Precision Industry Co., a Taiwanese electronics contract manufacturer known as Foxconn, has been cited ... At the close of trading in Tokyo on Dec. 18, Nissan’s market value stood ...

Shenzhen-based UBTech Robotics, China’s largest maker of humanoid robots, will deploy its robots in Apple supplier Foxconn’s factories to help with “complicated and delicate production ...

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TOKYO -- Honda Motor and Nissan Motor will begin merger talks as early as Monday as the two automakers seek to create a group that can rival Japanese leader Toyota Motor in capital-intensive ...

Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China's Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan's Nissan and Honda to announce plans to join forces against a flood of ambitious competitors.