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News of a potential tie-up between Japan's second and third largest carmakers continued to gain steam today, with Honda and Nissan both confirming talks around some sort of collaboration.
The big picture: It's being billed as a rescue of Nissan (its stock was down 40% this year in Tokyo before the news), but a deal could strengthen both companies' positions in a shaky global car market.
State of play: The combination would need the blessing of France-based Renault, Nissan's largest shareholder, which is reported to be receptive.
The combination would likely be probed closely by Japanese authorities, given the potential for job cuts, CNBC notes.
And in the U.S., President-elect Trump could seek concessions in exchange for approval, Reuters notes, citing auto industry officials.
