Nissan and Honda shares are increasing to dismiss the potential conversation about merging

Stocks Honda and Nissan On Wednesday, Rose reported that local newspapers reported that Japanese car manufacturers were thinking of canceling the interview of the merger.

Committees of both companies soon meet to publish the abolition of the merger, Reported Asahi Shimbunquoting sources.

The Nissana shares increased as much as 7.4%, while Honda climbed to 4.2%.

The conversations did not go as expected Honda, which suggested that Nissan became a branch – the idea of ​​opposing the latter, report said.

Both companies have announced official negotiations Merging last Decemberand the discussions were to conclude in June this year. Blockbuster merging would catapult them on The third largest car manufacturer from sales.

Nissan’s strategic partner Mitsubishi He was also invited to participate in a planned merger, the decision that Mitsubishi was Allegedly planned to make in mid -February or later.

Analysts said earlier that the merger was proposed as a result of Nissan’s financial difficulties and restructuring his long established alliance with French Renault. In your own The report in the second quarterNissan revealed the intentions to reduce 9000 jobs and reduce its global production capacity by 20%.

The transformation in the global auto industry, guided by the appearance of electric vehicles, was devastating to traditional car manufacturers.

Nissan was especially Challenging in its largest market, USAas well as on China and other emerging markets. The operating profit of the car manufacturers fell by 90% and the net income decreased by 94% in the first half of the fiscal year 2024, compared to the same period last year.

Nissan and Honda did not immediately respond to CNBC’s requests for comments.

Here’s full Report Asahi Shimbun.