Nissan president and CEO Makoto Uchida has met his Honda counterpart Toshihiro Mibe to call off merger talks after Honda proposed making Nissan a subsidiary, a source told Reuters.
Rumours surrounding the two carmakers merging began late last year after Nissan, currently in financial crisis, was reported to only be able to last another 12-14 months unless it finds a stable investor.
Nissan and Honda signed a memorandum of understanding (MoU) two days before Christmas to explore a merger which, if successful, would create the world’s third-largest automotive group with an annual production of 7.4 million units.
Both companies aimed to finalise negotiations in June 2025 before forming a holding company in August 2026, when both Nissan and Honda would be delisted from the stock exchange. Reports emerged last month that Mitsubishi – not doing so well itself – might not take part in the merger.
The first sign that talks were not going well was in late-January, when Honda reportedly told Nissan to buy back its stake from Renault when it likely did not have the means to do so. Then, just two days ago, Nissan and Honda delayed the announcement of their plans from end-January to mid-February.
Yesterday, news surfaced that Nissan would withdraw from the talks because Honda proposed that Nissan become its subsidiary, which was not in the spirit of the original discussions for a merger of equals.
“A consensus was reached (on Nissan’s side) that the talks cannot proceed under that proposal,” an unnamed source familiar with the discussions told Reuters, adding that Nissan will formalise the decision to withdraw at a board meeting before its third-quarter earnings announcement next week.
Honda won’t accept the merger if Nissan won’t become its subsidiary, Reuters cited an NHK report as saying.
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Honda need Nissan or Nissan need Honda?
Nissan is well trained to backstab their partners and give them a batu nis-san.
Nissan dah ada jodoh lain kot… hahaha
Foxconn is the only other interested investor. It would ironic for Nissan ending up with Foxconn after for years thinking Renault is a bad partner.
Honda scared Nissan is a burden and bring the entire holding company down. who wants to give equal say to losers? beggars can’t be choosers.
what a joke, honda does not need nissan
this marriage probably arranged by japanese govt in the first place
Honda CEO, better watch out for the famous backstab from Nissan if you are not already. Tell the government “Welp, we tried to make it happen but unfortunately Nissan is run by a bunch of self-serving geezers. Nissan can either become Honda’s subsidiary or forget about it.”
Nissan’s arrogance and ego rises once again to destroy the company, same as how their arrogance and feudal Japanese racism resulted in Ghosn getting screwed and Nissan ended up on a death spiral since then.
Even prestige brands like Bentley and Lamborghini are okay being subsidiaries of a stronger and richer mass producer like Volkswagen, but somehow Nissan thinks they’re too good to be a mere subsidiary although they’re going bankrupt and are dying.
Good riddance, Nissan. You deserve your own downfall.
Nissan tutup kedai tak lama, lagi nak lagak. Poor management, financial control and old age thinking while having great products also no point. You need to make the numbers, or the PRC will railroad all over you and that will be soon.
Going under already still wanna ego. This flock of Nissan management including the CEO were the ones who sabotaged me. Padan muka korang!
Better not merge with us. You already have enough cvt problems. If not, your cars will have broken steering racks and gearboxes. Lagi teruk kena boikot nanti
Which one sounds better? Honnis or Nishon?
Nissan is way over it’s head. Dah la, tengah tenggelam nanti mintak ini itu pulak.
why cant these both Japanese companies support each other during this difficult times? both are under the same country and currently facing huge competition from outsiders especially from China, yet they still wanna murder each other business.
common just let nissan go bankrupt.
Tying two sinking boats together does not make them float
Sell to China car company la heheh
Nissan prefer hara-kiri. Die in honor than having to save their legacy and employees.
Truely Japanese spirit.