They talk about Honda and Nissan End Merger, they say they will continue to ‘cooperate’

Japanese car manufacturers Honda and Nissan said Thursday They would abolish conversations about the merger, ending the speculation about the fate of a $ 60 billion contract, which is scheduled to create the third largest car company in the world of sale.

In a statement, the companies said that “various options” were considered, including the Honda proposal to change the structure of the merger from a common holding company to one with Honda as a home company and Nissan as a branch through shares exchange.

Two companies said they would “cooperate within the strategic partnership aimed at the age of intelligence and electrified vehicles”.

Reuters 6. February He reported that Nissan “looks like he will move away from” talking to a bond with rival Honda.

Honda shares received 2.14%on Thursday, while Nissan’s shares slipped 0.34%.

The agreement fell apart because of Nissan’s “pride and denial”, as well as the refusal of the closing of the factories, while Honda’s move for a car manufacturer to become a subsidiary further darkened the fate of the agreement, the Reuters report said. Honda also allegedly advocated a deeper decrease in staff in Nissan.

In December, Honda and Nissan began to join the discussions with Create the third largest car manufacturer by selling a vehiclewith conversations that will be concluded in June.

At a press conference in December, Honda Toshihiro Mibe CEO said the agreement focused on sharing intelligence and resources and providing economy of scale and synergy, while protecting both brands.

Nissan shares rocket 24% on December 18 Through media reports on merging, marking the best day of stocks since at least 1985.

The connection was announced one month after Nissan published the results of reduced results for his second quarter finished September, and discovered that It would reduce 9,000 jobs and reduce global manufacturing capacity for a fifth.