The third largest car company in the world could have become Volkswagen from a merger of the three Japanese car companies Honda, Nissan and Mitsubishi. But the plans that were announced shortly before Christmas now seem to fail. Japanese media report that Nissan wanted to suspend the merger talks with Honda Motor, since the two Japanese automobile manufacturers could not reach an agreement on the conditions of the deal, and the declaration of intent from December will withdraw, the business newspaper “Nikkei” reported citing corporate circles. For a few days now, information had been leaked from the two companies that the negotiations proven to be difficult. The decision had now been made because the companies could not agree on the assessment of both sides under a holding company. Honda is said to have recently proposed to take over Nissan as a subsidiary, which has rejected the latter. So far, it is unclear whether the talks should be recorded again, as is whether there will be an existing cooperation around electric vehicles. At Wednesday, Nissan’s share price fell by almost 5 percent compared to the previous closing price on the Tokyo Stock Exchange before the market operator on In the afternoon the trade. In the meantime, the shares of Honda increased by 12 percent at times and closed the day with an increase of 8.19 percent. More on the Themahonda and Nissan had announced in December to take up discussions about business integration, with the aim of a common one by August 2026 Founding the holding company that together with the Nissan participation Mitsubishi would have created the third largest automotive group in the world. At that time, Honda had set a period until the end of January so that Nissan could present a plan for “restructuring measures” to improve his business results. This had been mentioned in the Veuerbonung as a prerequisite for the merger. Creans of position Plantim November had already announced Nissan to cut 9,000 jobs throughout the group, but had encountered considerable resistance at various locations with these plans. One point that is said to have been in Honda is that Nissan boss Makoto Uchida apparently shouted back from the closure of entire locations. The third party, Mitsubishi, had announced a few days ago that he only had the result of the negotiations of Honda and Nissan want to wait before want to decide on a possible participation in the alliance.
Go to source