The Japanese car builders Nissan and Honda officially stored their merger plans on Thursday. The conversations they had started in December were stopped. It turned out to be more suitable to stop the conversations and to dissolve the draft agreement, they state in a common press release.
Both companies signed a declaration of intent at the end of December with which they formally rolling a merger. The goal was to have a final agreement by June and to bring both constructors under a common holding from August 2026, it was then.
But it had been clear for some time that there was a kink in the cable. Thus Zakenkrant reported Nikkei Earlier that the ailing Nissan could not agree with the conversations with the robuster Honda. The latter would have proposed to incorporate Nissan as a daughter. Nissan would have left the negotiating table, the business newspaper reported earlier this month.