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TOKYO (Reuters) – Shares of Japanese automaker Mitsubishi Motors (OTC:) rose greater than 6% on Monday following native media stories the corporate is in talks to hitch an alliance between Nissan (OTC:) Motor and Honda (NYSE:) Motor.
The three Japanese automakers are contemplating teaming as much as standardise in-vehicle software program that controls automobiles, a number of media shops, together with Kyodo and the enterprise newspaper, stated.
Spokespeople for all three corporations declined to remark.
Nissan and Honda stated in March they have been contemplating a strategic partnership to collaborate on producing electrical car parts and synthetic intelligence in automotive software program platforms.
Shares of Mitsubishi Motors have been up 6.4% in late morning commerce, whereas these of Nissan rose 2.4% and Honda’s gained 2.7%.
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