
Nissan's Merger Talks With Honda Falling Apart, Automaker Considering New Options: Report
ABP NewsNissan is reportedly looking for new partners after the automaker’s merger discussion with Honda fell apart. Makoto Uchida, CEO, Nissan, met with the Honda top executive, Toshihiro Mibe, on Thursday and conveyed that he wanted to close the merger discussions after the latter proposed making Nissan a subsidiary, the report said citing a source in the know. However, major differences have complicated the deal discussions and finally stalled after Honda said it wanted to turn the Japanese company into a subsidiary, the report said citing multiple sources in the know. Nissan Looking At Other Options Now, Nissan is looking at new partners for the possible merger, including technology companies, as it tries to manage the technological revolution brought by electric vehicles, new Chinese manufacturers, and software-driven cars in the auto industry.
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