The brand has announced that it is cutting 20,000 jobs, and shutting seven out of its 17 factories by 2027, in a bid to address its financial struggles.
As competition from China stiffens, this merger is largely seen as a lifeline for Nissan, which could potentially face bankruptcy as early as 2026.
Although nothing has been set in stone yet, both brands have already forged a partnership in March 2024, and came together again in August 2024.
The new site in Berlin will work with on development of future technologies and products for the newly formed Bugatti Rimac.
The new entity is able to address vehicle issues from regular servicing to engine overhauls as well as offer car painting and grooming.
The new Bugatti Rimac will have its headquarters in Croatia, but Bugatti models will continue to be produced in France.
Ride-hailing firm Uber will have to pay a $6.58 million penalty after its appeal against a 2018 decision that it had breached competition laws was dismissed.
The shareholders of Fiat Chrysler Automotive and Peugeot S.A. have approved the merger of FCA and Groupe PSA to form Stellantis.
Groupe PSA and Fiat-Chrysler Automotive have revealed the new logo of the new company, Stellantis, that will be formed by the merger of both companies.
Volvo and Geely are considering combining their businesses and creating a strong global group in order to accelerate financial and technological synergies.
Both companies intend to merge their extensive and growing capabilities to address the challenge of shaping the new era of sustainable mobility.
The combination would create the fourth largest global OEM in terms of annual unit sales and bring together expertise for a new era in sustainable mobility.
Volvo Cars and Geely intend to merge their existing combustion engine operations into a single stand-alone business.
Ride-hailing firm Grab has decided not to appeal against an anti-competitive penalty, and will pay the $6.42 million fine imposed.
Observers have welcomed the Competition and Consumer Commission of Singapore's decision on the Grab-Uber deal but said regulations should be clearly defined.
Grab noted that there is no obligation for it to inform the Competition and Consumer Commission of Singapore of the merger, though it did so.
Grab was fined about $6.4 million while Uber was fined about $6.58 million by the Competition and Consumer Commission of Singapore.
Ride-hailing firm Grab will submit a written representation appealing against the consumer watchdog's decision on its acquisition of Uber's business.
The Competition and Consumer Commission of Singapore has determined that Grab's acquisition of Uber is an infringement of competition laws.
The Uber app will cease here after this weekend, even with the competition watchdog yet to complete its probe into the Grab-Uber merger.