Nissan and Honda ceased to negotiate merger

Nissan, Honda and Mitsubishi terminated the memorandum of understanding signed in December. Together with it, a transaction was canceled to create an automobile concern worth $ 60 billion, which could compete with the Chinese. The reason, according to insiders, is the disagreement between the parties, intensified when Honda voiced the desire to make a nissan by a subsidiary.

Despite the completion of negotiations and, as investors reported, the Nissan reaction to the proposal to become a “daughter” of Honda, the cooperation of the companies will continue. Honda, Nissan and Mitsubishi will work together as part of a strategic partnership aimed at creating “smart” electrified cars.

As a result of the merger, the fourth in the world of the auto company in terms of sales after Toyota, Volkswagen and Hyundai would be created. However, now the Nissan, an experiencing deep crisis, will have to look for another partner who will help him survive. Nissan market value is now almost five times less than Honda – 7.5 trillion yen. Ten years ago, both companies cost almost the same.

Trump’s duties hit the distress in the Nissan Nissan distant two thousand workers in the USA Mitsubishi want to avoid merging with the Honda-Nissan Alliance

In November, Nissan announced a large -scale restructuring, in which it plans to dismiss nine thousand people around the world and reduce the volume of cars by 20 percent.

Perhaps the help will come from Foxconn – the Taiwanese collector of the iPhone and other gadgets. FOXCONN Chairman Jung Liu said on Wednesday that the company will consider the possibility of acquiring a share in Nissan, but its main goal is cooperation. In Nissan itself, partners would like to see any major company from the USA.

Tuning is Japanese