Nissan wants to replace Honda with a different partner: Report

Saga Nissan-Honda Merger continues with a new episode that takes an interesting development. Although no official advertisement has yet been issued, multiple reports have reported that a new holding company has been canceled. Reuters People familiar with the matter cite the matter that he claims that Nissan CEO, Makoto Oshida, has informed his counterpart in Honda, Toshiro Maybi, that he ends negotiations on the integration that has been greatly excluded.

But this is not all. Bloomberg Was it good for Nissan to look forward and seek a different partner after failed discussions with Honda? Nissan prefers cooperating with a technical company based in the United States. However, a spokesman for the Japanese auto manufacturer refused to comment on this, and insisted that the details about the draw with Honda will be revealed by the middle of the month.

Nothing deserves that the Taiwanese technology giant Foxconn was interested in buying some Renault’s share in Nissan. However, discussions were stopped when it became clear that Nissan preferred to hold talks with Honda instead. Bloomberg Reports that the iPhone maker still did not give up the idea. Renault is the largest contributor to Nissan by obtaining a 36 % stake.

Officially, the discussions take place between Nissan and Honda about a huge integration process, which would create the third largest automobile manufacturer in the world. However, there have been multiple reports published in recent days a different image. He claims that Honda wants to make Nissan a subsidiary, but it faces strong opposition from the Nissan Board of Directors. the Japan Broadcasting Corporation (NHK) Claim that the discussions will not continue unless Nissan agrees to become a subsidiary of Honda. This looks increasingly unlikely, especially since Nissan is now looking for a different ally.

The urgency factor is clear. At the end of November 2024, Financial times It quoted two Nissan CEOs, who did not reveal his name, saying that the company has “12 to 14 months to survive.” Whether this is true or not, it still must be seen, but the watch is heading, and sparkling waving on the horizon. In November, the company, which is based in Yokohama, announced plans to remove 9,000 jobs and reduce its universal manufacturing ability by 20 %.

It is said that Nissan will officially announce its intention to withdraw from the Memorandum of Understanding before publishing its profits in the third quarter next week. The Memorandum of Understanding signed in December included huge cancellation fees of 100 billion yen (655 million dollars), but if Honda and Nisan are mutual in the chapter without establishing a joint holding company, they will not have to pay.