Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The Nissan logo appears on the screen of a smartphone, and in the background, the Honda Motor Company logo is visible in this illustration photo in Reno, United States, on December 26, 2024.
Jaques Silva | Nurphoto | Getty images
Japanese car manufacturers Sling and Nissan He said Thursday They would carve fusion conversations, finishing speculation about the fate of a $ 60 billion agreement that was scheduled to create the third largest car company in the world for sales volumes.
They said that “several options” were considered a Honda proposal to change the structure of the fusion of a joint holding company to a Honda as matrix and Nissan as a subsidiary through an exchange of actions.
The two companies said that “they will collaborate within the framework of a strategic association aimed at the era of intelligence and electrified vehicles.”
Reuters on February 6 He had reported that Nissan “seems ready to step back” fusion conversations with Honda.
Honda’s shares earned 2.14% on Thursday, while Nissan’s shares fell 0.34%.
The fusion collapsed due to Nissan’s “pride and denial”, as well as his refusal to close the factories, while Honda’s movement to make the car manufacturer its subsidiary further clouded the fate of the agreement, according to a Reuters report . According to reports, Honda was also pressing for deeper staff cuts in Nissan.
In December, Honda and Nissan began fusion discussions to create the third largest car manufacturer in the world for vehicle salesWith conversations to conclude in June.
At a press conference in December, the CEO of Honda, Toshihiro Mibe, had said that the agreement was aimed at sharing intelligence and resources and delivering economies of scale and synergies while protecting both brands.
Nissan shares ROCKETED 24% on December 18 Over Media informs about the merger, which marks the best day of the actions since at least 1985.
The merger was announced a month after Nissan registered descending results for its second quarter that ended September, and revealed that It would reduce 9,000 jobs and reduce global production capacity by a fifth.
Separately, Honda reported on Thursday his Third quarter resultsWith the income of 5.53 billion yen ($ 36.4 billion), 1.4% more year after year. Operational profits increased to 397.8 billion yen, a gain of 4.6% compared to the same period last year.
