Nissan has ended discussions with Honda about a potential merger after Honda insisted on making Nissan a subsidiary. This leaves Nissan facing a difficult future, as it needs to secure funding to stay afloat and is struggling to adapt to the shift to electric vehicles.
a third of a strategic deal with Mitsubishi and RenaultThe withdrawal of this key funding could leave Nissan needing support from the Japanese or US government within the next year to stay afloat.
Foxconn is said to be seeking to expand its EV manufacturing and has approached Nissan - though a bid was rejected in December. Nissan ‘scrapping’ beloved model that first debuted in 1993 as drivers ‘worry about replacement parts in the future’But the two companies had earlier signed a memorandum of understanding to discuss an integration under a holding company.Multiple sources have said talks hit a wall after Honda said it wanted to turn Nissan into a subsidiary.
MERGERS AUTOMOTIVE INDUSTRY ELECTRIC VEHICLES NISSAN HONDA
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