Nissan and Honda have ended talks for a potential merger, eliminating the chance of forming the world’s fourth-largest car manufacturer, following Toyota, Volkswagen, and Hyundai.
The merger, which the companies announced in December, was worth $60 billion.
In a statement Thursday, Nissan said “Going forward, Nissan and Honda will collaborate within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles, striving to create new value and maximize the corporate value of both companies.”
Honda reportedly suggested that Nissan should become a subsidiary in the deal, which ultimately caused the merger to fail.
In the final months of 2024, Nissan’s profits decreased by 94% compared to the same period in 2023. The company also reduced its manufacturing output by 20%, resulting in the layoff of 9,000 workers.
For 2025, Nissan has slashed its full-year operating profit by 70%.
By CEO NA Editorial Staff
