The Japanese company Nissan Motors decided to stop negotiations with Honda Motors on merger. reports Ria Novosti, Nikkei Asia reference to the broadcast.
“Negotiations were made according to the model of the holding company, but conditions such as the share of integration were not accepted. Honda proposed the option to make Nissan as a subsidiary, but it was decided to stop negotiations due to the strong resistance in Nissan. ”
In December 2024, automobile manufacturers announced that they reached an agreement to start negotiations on a holding company until 2026. The new company was assumed to work under its own brands within the framework of Honda and Nissan.
It happened before that KnownJapanese automobile companies Honda, Nissan and Mitsubishi have lost an important market share in Asia for years. This was due to the expansion of Chinese automobile companies.
Previously reportedThis Audi will close the facility in Brussels due to the crisis in the automobile market.
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Source: Gazeta

Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.