JAPAN-ECONOMY-AUTO-BUSINESS-HONDA-NISSAN

Makoto Uchida (L), president and CEO of Japanese auto maker Nissan, shakes hands with Toshihiro Mibe (R), director, president and representative executive officer of auto maker Honda, following a press conference in Tokyo on August 1, 2024. Japanese car manufacturers Honda, Nissan and Mitsubishi Motors have signed a memorandum of understanding concerning a "strategic partnership" in the electric sector in the face of their common challenges in this area, the three groups announced on August 1. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)