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Nissan began to look for a strategic partner in the technological industry after his executive director Makoto Uchida told his colleague Honda to end the connection conversations to create the fourth of the world’s largest car manufacturer.
The search for new partners would be wide and outside the automotive industry, towards two people with a direct knowledge of the matter.
Some committees members are also open to considering the partnership with the Taiwanese manufacturer of the iPhone FoxConn’s iPhone. Apple supplier approached Federal partner Renault About getting part of his share in Nissan at the end of last year, which launched a furious, but a passing circle of negotiating about merging with Honda.
Uchida met Honda Toshihiro Miba on Thursday morning to inform him about the intention of the Committee to dissolve Talks announced in December To combine themselves as a company with market capitalization of about $ 58 billion, according to people who are familiar with the issue.
Talks fell apart after Honda was looking for a weekend Nissan Accept a new offer to become a branch completely owned, deviating from the original agreed structure of a common holding.
Wednesday, Nissan’s Committee Meeting decided to stop Talks about merging since Honda told them that the new offer was “take or leave”, which they could not accept because of the fear of losing the power of decision -making and their brand was weakened under Honda’s administration.
Nissan and Honda refused to comment. Two companies should report to earnings next Thursday, when it is expected to publicly announce that the conversations have broken up and explained why.
After launching formal conversations with HondaDiscussions soon descended into a bitter fight, and Honda accused Nissan of moving too slowly at her restructuring plan, and Nissan claimed that Honda’s new offer had blinded.
The analysts were skeptical of the union from the beginning because of the bays in their corporate cultures – Nissan is proud of his engineering talent and Honda with long records to take him alone.
In Nissan, France Renault transferred its 36 percent share after the restructuring of their 25-year ally in 2023.
The collapse of the download interview leaves the door open to FoxConn to re -set their ambitions to take over the Renault share in Nissan as a platform to expand an electric vehicle unit.
Jun Seki, Chief of Strategy for the EV Division of FoxConn, knows Nissana after serving earlier as executive director number-three by the end of 2019.
