Earlier this week, Honda Motor and Nissan confirmed they are in talks about a possible merger at time of auto industry upheaval. Toyota stock cleared a key level on Friday. Honda stock rallied further above a technical level,

A potential merger of Honda and Nissan, and its alliance partners Mitsubishi and Renault SA, could create a new manufacturer worth $79.9 billion, producing 8 million cars a year.

Both Toyota and Honda posted quarterly profit declines in November, amid challenges in critical global markets, including the U.S. Japan and China. Reported Toyota ROE Target. On

Honda Motor Co. and Nissan Motor Co. are exploring a potential merger, which would create a singular rival to Toyota Motor Corp. in Japan and better position the combined company to face competitive challenges around the world.