Honda’s CEO struggles to explain why the merger is happening, analysts remain skeptical, and Foxconn waits in the wings.

Honda Motor CEO Toshihiro Mibe reportedly found it difficult to explain why its merger with Nissan Motor is justified.

Rumors have it that Japan’s Ministry of Economy, Trade and Industry helped to influence the deal to avoid Foxconn's takeover ...

Both companies are grappling with intense global competition in the electric vehicle market from the likes of Tesla and China ...

The potential deal would create a $50 billion company that would be the world’s third-largest automaker by sales volume, ...

Honda and Nissan are joining forces in 2026. Plus, who's in Elon's crew, air travel is a mess, and the Skydance-Paramount ...

(Kyodo News via AP, File) Nissan Chief Executive Makoto Uchida, left, and Honda Chief Executive Toshihiro Mibe, center, and Takao Kato CEO of Mitsubishi Motors, right, attend a joint news ...

In a news conference on Monday, Honda CEO Toshihiro Mibe said the companies needed greater scale to compete in the development of new technologies in electric vehicles and intelligent driving.

If the deal goes through, the merged group has the potential to deliver revenue of 30 trillion yen ($191.4 billion) and operating profit of over 3 trillion yen, Honda CEO Toshihiro Mibe said.