Major partnership on the rocks: Is the Honda and Nissan merger being cancelled?

News of a merger between Japan's two leading automotive companies, Honda and Nissan, had been on the business world's agenda for a long time. According to the latest information received, it has been reported that these merger talks between Honda and Nissan will be cancelled.

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Major partnership on the rocks: Is the Honda and Nissan merger being cancelled?

Asahi Shimbun newspaper, citing sources, reports that Japan's leading automakers Honda and Nissan may cancel their merger talks. The boards of directors of both companies will meet soon to evaluate the termination of the merger.

SHARES ROSE

Following the news that the merger could be cancelled, Nissan shares rose by 7.4% and Honda shares by 4.2% on Wednesday.

MERGER OF THE TWO COMPANIES WAS EXPECTED

The merger plan, announced in December, was expected to be finalized in June 2025. If the plan had been realized, the two companies were expected to become the world's third-largest automaker in terms of sales. However, it is stated that Honda is not keen on the idea of making Nissan a subsidiary.

News Source: 12punto