Honda and Nissan have scrapped their ambitious $60 billion merger plan after a month of discussions. This decision is critical for Nissan, as it faces severe financial challenges with a reported 90% decline in earnings year over year. Although the merger aimed to fortify the Japanese auto industry against China, it fell through primarily due to Honda's proposal to make Nissan a subsidiary. Despite Nissan's struggles, Honda is experiencing a slight profit increase, leading to a shift towards a strategic partnership focusing on electric and intelligent vehicles instead.
Honda and Nissan have canceled a $60 billion merger plan after talks faltered, deciding instead on a strategic partnership focusing on intelligence and electrified vehicles.
Sources indicate that Honda's proposal to make Nissan a subsidiary led to the collapse of talks, highlighting Nissan's precarious position due to plummeting profits.
Collection
[
|
...
]