Outbound engagement. After all, Nissan and Honda will not come together

The two manufacturers, who had announced an agreement, did not reach consensus on the terms of the merger. Thus, the eventual third largest car manufacturer in the world falls.

Nissan has decided to withdraw from the talks he had had with Honda since the end of 2024, for the merger between the two car manufacturers, due to divergences About the project, Nikkei reported this Wednesday.

Thus, an agreement of more than $ 60 billion that would have created the third largest car builder in the world.

According to the Japanese economic publication and with several people familiar with the subject that spoke with, Nissan Motor will abandon the memorandum of understanding, which he was negotiating with Honda Motor since the end of December, due to inability to reach a consensus on the terms of the fusion.

A Nissan spokesman told EFE news agency that the news “does not correspond to any information announced by the company”, which plans to disclose the official position on the progress of negotiations in mid-February.

The two manufacturers and the Mitsubishi They announced in August that they would share components for electric vehicles, such as batteries, and jointly search for autonomous driving software to better adapt to electrification -centered changes, following one between Nissan and Honda established in March in an attempt to reduce Costs and reinforce competitiveness after losing space to Tesla and Chinese manufacturers.

“Nissan has a great affinity with Honda,” Toshihiro Mibe, which has ensured that the evolution of electrification and intelligent vehicles makes it “essential to be strong in many domains.”

A merger could result in a giant valued at over $ 50 billion (48 billion euros), based on the scholarship capitalization of the three car manufacturers. Together, Honda with Nissan’s alliance and Renault SA of France and the little Mitsubishi Motors Corp would constitute competition at the height of Toyota Motor Corpwhich has technological partnerships with Japanese Mazda and Subaru, and German Volkswagen AG.