Japanese car manufacturer Nissan gives up interviewing the merger with Rival Honda. It is estimated that the merger is worth More than $ 50 billion.
There is a sharp turn from the previous integration plan that fights in a new holding company, Honda suggested that Nissan became a branch, Nikkei Business Daily and other local media reported on Wednesday.
“Strong opposition” in Nissan this proposal was behind his decision to withdraw from the conversation, Nikkei said. The TBS based in Tokyo published a similar report.
The discussions about the setting of the Holding were launched in December, but they fell apart because the two companies did not agree on the integration ratio and other conditions, the newspaper added.
Nissan said in a statement that he had not officially announced anything, but there were two companies “in the promotion phase of different discussions, including the content of the report”.
“We plan to establish a direction and announce the announcement around mid -February.”
The Nissan shares fell 4.8% on Wednesday to the Tokyo Stock Exchange before tsa suspended trading, saying that media reports on the cancellation of the connection should be checked.
Honda shares closed 8.2% more, as almost 12% increased at one point.
Nissan and Honda Agreed in December To begin the interview on the association of forces for the creation of the third largest car manufacturers, it is seen as a offer for Tesla and Chinese electric vehicles.
Turbulent times for Nissan
Honda Executive Director insisted that it was not a salvation for Nissan at the time, which announced thousands of job reductions last year after reporting 93% of the crop in net profit in the first half.
The job was difficult for foreign brands in China, where electric vehicles manufacturers such as byd water in the way the demand increases for less polluted vehicles.
Nissan broke through a tumultuous decade, including the arrest of former head of Carlos Ghosna in 2018, which later jumped in bail and escaped Japan hidden in a box of music equipment.
China surpassed Japan as the largest exporter of the vehicle last year, helped him support the Government for EVS.
Honda and Nissan are Japanese car manufacturers number 2 and 3 after Toyota.
They had already agreed to explore the partnership of EV software last year, among other technologies, the initiative she joined in August by Mitsubishi Motors.
But the head of the smaller car manufacturers said he would make a final decision this week on whether to join the Honda-Nissan Connection in mid-February or later.
In December, the report states that the Taiwan Electronics Behemoth FoxConn unsuccessfully approached Nissan to gain a majority share.
He then allegedly asked Renault to sell his 35 percent stake in Nissan – a chase that was set on hold before the interviews were published.
Nissan stated a tumultuous decade, including the arrest of former head of Carlos Ghosna in 2018, who later jumped in bail and escaped Japan hidden in a box of music equipment.
The company is also obsessed with billions of dollars of debt that will allegedly mature over the next two years.
© 2025 AFP
