Nissan to Reject Honda’s Merger Terms, Putting Deal in Peril
- Honda Motor Co has proposed that Nissan Motor Co become its subsidiary, which could alter their merger plans, according to sources familiar with the matter.
- Nissan has not convinced Honda of its business turnaround, which was a condition for their planned merger, as stated by the sources.
- Honda has requested Nissan to provide specific measures for the merger, but has been dissatisfied with the responses, according to the sources.
- Nissan President and CEO Makoto Uchida emphasized that any agreement would be a merger of equals, while a Nissan executive opposed the subsidiary proposal, stating, 'There can be no other option than what was agreed in December last year.
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Total News Sources0
Leaning Left10Leaning Right9Center14Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
43% Center
L 30%
C 43%
R 27%
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