Nissan Motor Company has called off talks about a potential merger with Honda Motor Co., according to the Nikkei newspaper.
The two Japanese automakers had reportedly discussed becoming one company, with Honda sounding out Nissan as a potential subsidiary. However, sources indicate that Nissan opposed this proposal and ultimately decided not to pursue the deal.
A meeting of Nissan’s board took place on Wednesday, at which point the decision was made to terminate discussions with Honda. The reasons behind Nissan’s decision are unclear, but it is believed that the company had reservations about being a subsidiary of its rival.
This news comes as the automotive industry continues to navigate significant changes, including the shift towards electric vehicles and supply chain disruptions.
Source: https://www.reuters.com/markets/deals/nissan-honda-may-call-off-merger-talks-asahi-says-2025-02-04