Nissan and Honda’s business merger is about to be terminated… Summary of the actual situation and the claims made by the top management of each company.

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We carefully select interesting news in the automotive industry, both domestic and international, and translate and summarize the contents for your reference. We hope you will find it useful in catching up with the latest news in the industry.

Honda and Nissan to hold board meeting today and decide to terminate talks on business integration

Feb 13, 2025 by NHK

Honda and Nissan Motor had been in talks to integrate their operations since December 2024, but the decision to terminate the talks was made at a meeting of the board of directors on March 13.

The two companies had hoped to integrate through the establishment of a holding company, but were unable to reach an agreement as Nissan opposed Honda’s proposal to make Nissan its wholly owned subsidiary. Facing a slump in business performance, Nissan President Uchida is scheduled to explain the progress of the management restructuring measures at the financial results conference on the same day.

Experts have pointed out to Nissan the importance of prompt implementation of turnaround measures, including a 20% reduction in production capacity and 9,000 job cuts, as well as appropriate product development for future growth.

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Nissan President: “Passing the baton to a new partner with a view to improving business performance

Feb 13, 2025 By Reuters

At a financial results conference, Nissan President Makoto Uchida announced a consolidated net loss forecast of 80 billion yen for the fiscal year ending March 31, 2025, and expressed his grave concern over the deterioration of the company’s business performance.

He indicated his intention to hand over to his successor as soon as possible after the business performance improves, but denied immediate resignation. The decision to terminate the management integration talks with Honda was based on the judgment that the proposal to make Honda a subsidiary of Nissan would not maximize Nissan’s strengths.

The company has indicated that it intends to seek new partners, not limited to automakers, and while denying any contact with Hon Hai Precision Industry at the management level, it is willing to positively consider various proposals.

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President Toshihiro Mibe of Honda Motor Corporation: “It is truly regrettable that we could not find a point of agreement despite our efforts to realize a one-governance system as soon as possible.

Feb 13, 2025 By Car Watch

Honda President Sanbe held a press conference regarding the conclusion of talks on the business integration between Honda and Nissan.

The two companies initially considered establishing a joint holding company, but Honda proposed a share exchange to make it a parent-subsidiary company in order to speed up the decision-making process. Although both companies recognized the synergy effects of the integration, they could not find a point of agreement on a framework for business integration and decided to terminate the talks.

President Mibe indicated that the three companies, including Mitsubishi Motors, intend to maximize synergies based on a strategic partnership. He also denied any plans to acquire Nissan and denied any government involvement or contacts from foreign companies.

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