Ford, Chevrolet, and Holden will merge in the US to form the Chevrolet and the Holden brand, reports The Next Spokesman.
This is the third major automotive merger to happen in less than two years, and it’s the latest in a long line of consolidation in the industry.
The US automaker will combine the Chevrolet brand with its Holden brand in 2019, which is expected to result in the new brands leading the industry in fuel efficiency and range.
The new brands will also be available in all states with a sales tax.
“The combined brands will offer an enhanced level of choice and convenience, and we expect consumers to use both brands across their life spans,” said Joe Hinrichs, President and CEO of Chevrolet, in a statement.
Hyundai Motor will also combine with Holden, which will also form the Hyundai Motor America brand.
The combined brand will launch in 2018.
Chevrolet will be a part of Toyota’s Toyota Hybrid brand, and will also offer the Toyota Camry Hybrid.
Honda will be part of Honda Americas, which should be a joint venture between the Japanese automaker and the American automaker.
The brand will also become part of the Nissan Group.
Kia will be the global leader in electric vehicles, and the new brand will include Kia eHybrid, which would launch in 2019.
Lexus will be in the category of luxury brand, joining the segment with the luxury brand Kia Kia Optima.
Mitsubishi Motors will be making a comeback in the segment, with the Japanese company adding a brand to its lineup.
Toyota will be launching the Lexus ES350 SUV, a crossover with a range of up to 300 miles.
It will be available for sale starting in 2020.
Ford will be bringing back the F-150, but will be selling it through the new American brand Ford Fusion.
The company is currently testing the Ford Fusion Hybrid, and is expected in 2020 to begin mass production.