Nissan and Honda end merger talks amid industry shifts
Honda proposed changing the structure of the intended merger from a joint holding company, as agreed initially, to a deal with Honda as the parent company and Nissan its subsidiary through a share exchange. Both companies concluded eventually that it was best to “cease discussions,” the statement added.
Honda and Nissan initially said they were trying to finalize an agreement by June and set up the holding company by August.
Japanese automaker Nissan ... forces into one behemoth. Both brands enjoy their own cultures and reputations, and this may have led to the deal's unraveling, per some reports. Honda, in the ...
TOKYO: Honda Motor Co and Nissan Motor Co took their first historic steps toward merging to create a new force in the world ... according to a joint media briefing held in Tokyo.
That proposal was a departure from plans made public on Dec. 23 to establish a joint holding ... half net income. Honda unveiled plans to rescue Nissan weeks later. Joining forces could help ...
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