Honda Motor shares fell 2% on Wednesday following a media report that the Japanese automaker is looking to merge with Nissan Motor.
Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to a report in the Nikkei newspaper. They also look to eventually bring Mitsubishi Motors, in which Nissan is the top shareholder with a 24% stake, under the holding company, according to the report.
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