Honda Motor Co., Ltd. and Nissan Motor Co., Ltd. signed a memorandum on December 23, 2024, to consider a joint holding company for business integration aimed at enhancing competitiveness and synergies in vehicle production, targeting over JPY 30 trillion in sales revenue and more than JPY 3 trillion in operating profit. This integration process is part of their collaborative efforts to address environmental challenges and technological advancements in the automotive sector.