US EditionNissan and Honda formally end merger talks, scuttling $60 billion deal
- Honda reported a 7% decline in profit for the nine months that ended in December as it terminated talks on integrating its business with Nissan.
- Nissan and Honda announced on Thursday that they had agreed to end discussions on merging their businesses.
- The proposed merger aimed to create the world’s third-largest automaker to enhance competitiveness in the electric vehicle market.
- Existing collaborations in electric vehicles and smart cars will continue despite the end of merger talks.
117 Articles
117 Articles
Nissan and Honda terminate merger talks
The talks for a merger that could have created one of the largest Japanese automotive groups have officially been terminated. Late last year, Japanese auto giants, Nissan and Honda, had signed a memorandum of understanding (MOU) to enter talks to discuss a possible business integration or merger.The two companies, along with Nissan’s alliance partner, Mitsubishi, said the companies would discuss the details and reveal the results of that discuss…
After months of negotiations, Honda and Nissan have decided to definitively cancel their merger attempt, due to differences in ownership structure
Nissan customers fear company is 'about to close up shop' after CEO's comments
NISSAN owners and loyalists are panicking after a proposed merger with Honda fell through, leaving a giant question mark hanging over the future of the storied but diminished Japanese automaker. Over the last year, Nissan’s profits tanked, and the company has announced the closure of several auto plants and cuts to some 9,000 jobs. GettyNissan customers are worried that the automaker will be closing shop[/caption] AFPNissan CEO Makoto Uchida sai…
Sydney Morning Herald
Cryptocurrency News | Cryptocurrency Prices | Market CapASX ends week on a high as investors sidestep latest tariff jitters
The Australian sharemarket has posted its fifth week of gains out of the past six, with a rate cut likely to further fuel its momentum.
Japanese automakers have terminated the memorandum of understanding on business integration.
Coverage Details
Bias Distribution
- 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
