TOKYO : Honda and Nissan are moving towards a closer tie-up with talks of setting up a holding company, a source said, in the clearest sign yet of reorganisation in Japan's auto industry in response to immense challenges posed by Tesla and Chinese rivals. The discussions, first reported by the Nikkei newspaper, would allow the manufacturers to cooperate more closely on technology and help Japan's No. 2 and No. 3 automakers to create a more formidable domestic rival to Toyota. The talks between

Tag-uri: Honda