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Honda and Nissan in merger talks to compete in electric vehicle market

# Japanese automakers Honda and Nissan are in preliminary talks about a potential merger to strengthen their position against Tesla and Chinese electric vehicle makers. A holding company and a strategic tie-up with Mitsubishi Motors are among the options. Shares in Nissan surged 24-percent, while Honda dropped two-percent. Analysts believe a merger could bolster competition with Toyota and global electric vehicle giants, though political backlash and job cuts remain concerns. An official announcement is expected on Monday.