The move will create the world’s third-largest car maker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. ADVERTISEMENT The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors had also agreed to join the talks on integrating their businesses. “We anticipate that …
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Drop in sales in China hits profits for Japanese car maker Honda
Honda sold more motorcycles globally in the first half of its financial year as demand in Asia rose. However, it saw a fall in car sales, particularly in China. ADVERTISEMENT Profits for the Japanese car maker slipped nearly 20% in the first half of the fiscal year on the same period last year, as sales suffered in China. Honda saw …
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