Renault’s Response to Honda-Nissan Merger. Renault took a cautious approach towards the proposed merger announcing it is considering all options at the moment. In a statement, t

Japanese automakers Honda and Nissan have announced plans to join forces, forming world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.

The tie-up would create the world’s third-largest car maker by sales. But the deal appears driven more by desperation than strategic thinking.