Dec. 23 (UPI) -- Japan's Honda and Nissan said Monday they had embarked on formal merger talks that would create the third-largest car manufacturer globally with sales of as much as $191.4 billion and more than $19 billion profit. Announcing the negotiations, Toshihiro Mibe, CEO of the larger Honda, told a news conference in Tokyo that the merger would provide "greater scale" to deliver advances in electric vehicle technology and software integration necessary to compete in the global auto

Tag-uri: Honda