Nissan and Honda's $60 billion merger discussions are at risk of collapse as Nissan's CEO Makoto Uchida has expressed a desire to terminate the negotiations. Honda's proposal for Nissan to become a subsidiary deviated from their original agreement, leading the Nissan board to favor abandoning the talks. Furthermore, Nissan is reportedly exploring new partnerships, ideally with technology firms in the US, as they navigate a shift towards electrification and automation in the automotive industry.
Nissan CEO Makoto Uchida met with Honda CEO Toshihiro Mibe today, explaining his intent to terminate the merger discussions, indicating a significant shift in their plans.
Nissan's board favors abandoning merger talks with Honda due to unacceptable new conditions. A source revealed Nissan is seeking a new partner, ideally from the tech sector.
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