With a proposed merger between the ailing Nissan and Honda having collapsed, Japan’s largest automaker, Toyota, now appears poised to potentially step in. The prospect of Toyota and Nissan joining forces is one few industry watchers ever expected to see.
Such an arrangement would reshape the Japanese auto landscape in dramatic fashion. While nothing is certain, the mere possibility underscores how dire Nissan’s situation has become and how aggressively its rivals are positioning around it.