'Adventurous' Honda and 'staid' Nissan explore merger: 5 things to know

Analysts say duo would need to overcome different corporate cultures

20241220 Nissan Leaf and Honda Zero

The auto sector's shift to electrification and other new technologies could push Honda Motor and Nissan Motor to merge. (Nikkei Montage/Source photos by Yuki Nakao and Getty Images)

YUICHI SHIGA and SAYUMI TAKE, Nikkei staff writers

TOKYO -- Japan's Honda Motor and Nissan Motor are set to announce merger talks on Monday, driven by the auto industry's fast-moving race to electrification and software integration.

The question is whether two rivals with very different backgrounds -- in terms of history, corporate values, strengths and financial performance -- can really work together at the nimble pace required to keep up with the competition.

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