Nissan and Honda have officially abandoned their plans to merge, which had been confirmed just two months prior. The companies announced the termination of their memorandum of understanding, citing the need for faster decision-making amid a rapidly changing automotive market, particularly with the shift towards electrification. During discussions, structural disagreements arose, particularly concerning Honda's proposal that Nissan become a subsidiary. Despite canceling the merger, the companies plan to explore collaboration opportunities focusing on intelligent and electrified vehicles.
Nissan and Honda announced they are terminating their merger plans to focus on faster decision-making in a volatile market, while still looking to collaborate strategically.
Nissan and Honda's potential merger, which would have formed a entity worth $50 billion, was ultimately thwarted by disagreements over company structure and leadership roles.
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