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Austin Russell, chief executive officer of Luminar Technologies, speaks during a news event at the 2023 Consumer Electronics Show (CES) event in Las Vegas, Nevada, US, on Wednesday, Jan. 4, 2023. For the first time, CES has a theme: how technology is addressing the world’s biggest challenges. Photographer: Bridget Bennett/Bloomberg

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Japanese cable car behemoth Honda and Nissan are function out the details ofa major mergerthat could make the world’sthird - largest automaker , as the companies look to subsist in an manufacture face with uncertainty .

The Tesla - run shift toward galvanizing fomite , and China ’s increase importance in the automotive market , have company like Honda and Nissan feeling the pressure to vie . If they go through with the merger , it could be completed by 2026 . Nissan ’s partner company Mitsubishi is supposed to decide by the remainder of January 2025 whether it would join this new confederation .

Nissan and Mitsubishi are already in a partnership with Gallic automaker Renault , though that human relationship has uprise increasingly pregnant — especially after former chairman of the alinement , Carlos Ghosn , was collar in Japan onallegations of financial misconductandsubsequently fled the state . “ As the main shareholder of Nissan , Renault Group will look at all option ground on the best sake of the Group and its stakeholder , ” a spokesperson for Renault said in a statement .

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