Japanese brands Nissan and Honda stopped negotiations in a fusion on Thursday but undertook to continue collaborating.
Companies sold 7. 1 million cars combined worldwide in 2024, a slight minimization compared to their combined sales of 7. 6 million in the last year. Together, Nissan and Honda would have been the third largest car manufacturer in the Global Volkswagen and Toyota.
In a statement, Honda said that “he tried to create a new price and maximize the company’s business price” in its negotiations. However, according to Nissan, Honda negotiated a completely new design that the two corporations had agreed when they signed a memorandum of understanding to begin merging discussions.
“Honda proposed to modify the design of the status quo of a joint portfolio company, where Honda would appoint the majority of the directors and the executive leader on the basis of a joint motive of actions as described first in the Protocol D ‘, To a design where Honda would be the parent company and Nissan the subsidiary through an exchange of actions, “Nissan wrote in a press release.
Nissan has 24% of Mitsubishi, so any proposed fusion would come with this third Japanese car manufacturer. Last year, before the announcement of a proposed fusion, the 3 corporations published their joint company in the progression of electric cars and more green technologies.
The statements of Honda and Nissan included the commitment that “in the future, the 3 corporations will collaborate within the framework of a strategic association aimed at information and electrified vehicles. “
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Honda aims to produce only electric cars and fuel cells until 2040. NISSAN is less ambitious, with an objective of 60% of its sales that are electric and hybrid cars until 2030.
Last year, US consumers obtained more than 1. 5 million car power and drummer cars, almost a quarter of electric cars since 2010. The United States is from the market for Nissan, which represents 27% Of their sales of 2024 and Honda, representing 37% of their sales the same year.