Reported 2 days ago
Honda and Nissan's recent announcement of their planned merger marks a significant shift in the automotive industry, with experts predicting a wave of similar consolidations due to intense competition, technological advancements, and the financial demands of transitioning to electric vehicles. As automakers face shrinking profit margins and increasing pressures from both new entrants and existing global rivals, there is an expectation that only the largest companies will thrive in the coming years, potentially leading to a dramatic reduction in the number of major players in the market.
Source: YAHOO