Honda and Nissan have concluded their discussions to merge, which would have resulted in the formation of the world's third-largest automaker with a valuation of approximately $60 billion. The negotiations ended due to significant disagreements, particularly regarding Honda's proposal for a restructuring that would make Nissan a subsidiary. Despite ending the merger discussions, both companies have agreed to maintain their strategic partnership focusing on electric vehicles to better compete with growing US and Chinese market pressures, assuring a commitment to collaboration in electrification efforts.
The automakers confirmed Honda proposed changing the structure from establishing a joint holding company to a structure where Honda would be the parent company and Nissan the subsidiary.
Nissan reportedly backed out of the talks with larger rival Honda after negotiations were complicated by growing differences, including Honda's proposal that Nissan become a subsidiary.
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