Honda, Nissan set to announce launch of integration talks, media reports say

Honda and Nissan are expected on Monday to announce the start of business integration talks, according to Japanese media reports, as the automakers look to survive a rapidly changing industry landscape. The two automakers will likely host board meetings on Monday about the talks and later hold a joint press conference, where Nissan's alliance partner Mitsubishi Motors is also expected to attend, the reports said. Honda and Nissan have been exploring ways to bolster their partnership, including setting up a joint holding company, as they face growing challenges from Tesla and Chinese rivals, Reuters reported last week.