The Japanese carmaker Honda and Nissan As expected, pull a line under your merger talks. The negotiations started in December will be ended, the corporations announced in Tokyo on Thursday. Instead, the companies together with Mitsubishi Motors want to work together in the strategic partnership planned since August last year, which is aimed at digitization and electrification of vehicles. In the past few weeks, it had become more and more apparent that nothing turned out of a merger, in recent weeks, Several media had reported this.
The Japanese carmakers had hoped to better against the weakening business in China as well as being able to defend the strengthening competition in the growing electric car market. Japanese automobile manufacturers have fallen behind globally in this area. Tesla and the Chinese manufacturer Byd Make the Japanese in the USA and China pressure. Nissan has to struggle in the Chinese market in particular, where sales have dropped significantly.
The subject of the discussions included that Nissan could slip under the roof of Honda as part of a joint venture – however. The corporations had decided to focus on faster decision and implementation processes in the rapidly changing market, the explanation said. Honda and Nissan are after that VW-Rival Toyota The second and third largest carmaker of Japan.