Nissan president and CEO Makoto Uchida has met his Honda counterpart Toshihiro Mibe to call off merger talks after Honda proposed making Nissan a subsidiary, a source told Reuters. Rumours surrounding the two carmakers merging …
Nissan CEO tells Honda CEO he wants to end merger talks, doesn’t want to be Honda’s subsidiary – report
Rumours surrounding the two carmakers merging began late last year after Nissan, currently in financial crisis, was reported to only be able to last anotherfinalise negotiations in June 2025 before forming a holding company in August 2026, when both Nissan and Honda would be delisted from the stock exchange. Reports emerged last month that Mitsubishi –because Honda proposed that Nissan become its subsidiary, which was not in the spirit of the original discussions for a merger of equals.
“A consensus was reached that the talks cannot proceed under that proposal,” an unnamed source familiar with the discussions told, adding that Nissan will formalise the decision to withdraw at a board meeting before its third-quarter earnings announcement next week.While most dream of the future, Jonathan Tan dreams of the past, although he's never been there.
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