A proposed $60 billion merger between Honda and Nissan has hit turbulence. Grab a coffee and find out how these car giants went from ‘I do’ to ‘who are you?’
In a shocking turn of events, the proposed $60 billion marriage between Japanese automotive titans Honda and Nissan seems to be driving off the cliff before it even hit the highway. According to reports, Nissan CEO Makoto Uchida has recently met with Honda’s Toshihiro Mibe, breaching the subject no one wants to hear: the end of their merger talks. With conflicting interests and rising tensions, it appears that their relationship was more about speed bumps than smooth sailing.
Once envisioned as a power couple ready to dominate the automotive scene, the two brands are now confronting the harsh reality of irreconcilable differences. As insider sources revealed, Honda has been perceived as ‘aggressive’ in discussions, sending Nissan CEO packing back to the drawing board. The potential $93 billion union that promised to revolutionize the car industry quickly transitioned from tech-savvy dreams to a nightmare on wheels, showing that not all partnerships are meant to last.
In the wake of these tumultuous developments, the Nissan stock took a nosedive, leaving investors wondering if the best laid plans have been thrown into the scrap heap. With every report of the crumbling discussion, Nissan shares have plummeted, raising concerns about the struggling automaker’s future. While both manufacturers did confirm that ‘ongoing discussions’ are still on the table, the outlook for a Honda-Nissan Peggy Sue marriage doesn’t seem very promising.
As the dust settles on this failed merger saga, industry analysts are left pondering what could have been if these two giants shared the road. Interestingly, Honda was the first to introduce a production version of the first mass-market gas-electric hybrid vehicle, the Insight, back in 1999. Meanwhile, Nissan revolutionized the electric vehicle sector with the launch of the Leaf, which has sold over 500,000 units worldwide since inception. Who knew that behind the wheels of these fierce competitors, lay two innovative spirits still determined to create greatness, even if that means navigating them solo?
According to sources speaking to Reuters, the scrapping of the $US60 billion ($A96 billion) was prompted by irreconcilable differences between the two brands, ...
Nissan CEO Makoto Uchida met with his Honda counterpart Toshihiro Mibe on Thursday to say he wanted to end their merger talks after the larger automaker ...
Nissan is set to walk away from a $93 billion merger after potential marriage partner Honda became “aggressive” about the deal.
In separate statements to Car and Driver, both automakers confirmed that integration discussions are ongoing. Merger talks between Honda and Nissan may be ...
The struggling Japanese carmaker is withdrawing from talks, the Nikkei business daily and other local media reported.
Nissan shares plunged overnight as reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda. The Nikkei business...
Nissan is still holding “various discussions” with Honda, the carmaker said Wednesday in response to media reports that it is set to scrap merger talks with ...
Nissan's board is in favour of abandoning merger talks with Honda but calling them off has yet to be officially decided by executives at the two Japanese ...
Nissan looks set to step back from merger talks with rival Honda, two sources said on Wednesday, calling into question a $60 billion tie-up to create the ...
Nissan's board is in favor of abandoning merger talks with Honda but calling them off has yet to be officially decided by executives at the two Japanese ...
Struggling Japanese carmaker is pursuing tech rather than automotive ally to revive its business.
Nissan looking for another partner to help shift to electric cars after tensions over perceived imbalance, says source.
Nissan's decision to withdraw from merger discussions with Honda marks the latest setback for struggling automaker.
On Thursday, Nissan president Makoto Uchida informed his counterpart, Honda president Toshihiro Mibe, that he was pulling out of merger talks, according to ...
The $60 billion Honda-Nissan merger would have created the world's third-largest automaker. Nissan is now searching for new partners, with iPhone maker Foxconn ...