Shocking new developments in Japan's auto industry: Nissan and Honda announce business integration. Nissan reports a 90% plunge in operating profit for the first half of 2024 and plans to reduce production capacity by 20%. Taiwan's Foxconn appears to be seizing the opportunity, potentially offering capital to Nissan while developing its own EV business.
This video explains how Japanese automakers, including Nissan, are responding to challenges from Tesla and Chinese manufacturers, and how this integration could reshape the global automotive industry landscape.