Honda, Hitachi to form $17b car parts maker via merger

Honda, Hitachi to form $17b car parts maker via merger

Visitors look at a Honda Motor Co's car displayed outside the company showroom in Tokyo April 26, 2013.

Honda Motor Co. and Hitachi Ltd. agreed to merge four of their car parts businesses to create a components supplier with almost $17 billion in sales, joining a wave of partnerships sweeping the global auto industry.

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