By proceeding, you agree to our
Terms And Conditions.
In late 2024, Nissan Motor Corporation and Honda Motor Corporation signed a memorandum of understanding (MoU) to start discussion on building the world’s third biggest automotive group via a business merger. The Japanese OEMs aimed to finalize the $60 billion potential integration by June 2025. However, the plan seems to be on the verge of collapse as Nissan “withdrawn the basic agreement for the merger with Honda.”
While there is no official word for both carmakers, but sources said that Nissan rejected with Honda’s suggestion of making it a fully owned subsidiary. Nissan is already facing challenges in managing its global operations, while Honda is not convinced that Nissan can recover or turn its business fortune. Reports further states that Honda is under shareholder and internal pressure to take full ownership of the struggling carmaker. There is still no clarity whether the deal is completely scrapped off or if discussions might restart at a later stage.
Interestingly, Nissan’s stock prices have been declined over 4 percent after the reports its backing-off emerged on the web. On the other hand, Honda’s stock value has increased up by over 8 percent, indicating that investors are taking it on a positive note. It’s important to note that the Japanese automakers have denied the reports and stated that they are still considering options, and come up with a final decision by mid-February.
Nissan has been struggling hard with the sever financing crisis and improving its global sales, especially after splitting its alliance with Renault. In September 2023, Renault ended its common purchasing agreements with Nissan and Mitsubishi. Nissan witnessed a significant decline in profits during the six months ending in September compared to the corresponding duration in 2023. Therefore, it announced a cost-cutting plan, including reducing global manufacturing by 20 percent and laying off 9,000 employees. If reports are to be believed Nissan might face bankruptcy in 2026 due to a huge debt coming its way.
Also Read: Renault India Unveils its First Global Store Ahead of New Duster Launch
The leaked image reveals that the Tata Avinya will feature an all-new two-spoke steering wheel, closely resembling the one seen in the concept version.
Konica Singh
2025-03-17
Read More
Jeep India has introduced the Compass Sandstorm Edition, priced between Rs 19.49 lakh and Rs 27.33 lakh (ex-showroom). It is offered across three trims: Sport, Longitude, and Longitude (O).
Konica Singh
2025-03-17
Read More
The new Volkswagen Tera will come with a 109bhp/165Nm, 1.0L, 3-cylinder turbo petrol engine, while the Skoda Kylaq gets a 114bhp/178Nm, 1.0L 3-cylinder turbo engine.
Amit Sharma
2025-03-17
Read More
Tesla has now initiated the homologation process for Model 3 and Model Y for India and the first showroom in the world's third-largest car market of the automaker is closer to being finalized.
Ankita Solanki
2025-03-17
Read More
2025 Mercedes-Benz CLA sedan is 35mm longer, 22mm wider and 29mm taller than the older CLA. The wheelbase is increased by 61mm to create more cabin space.
Amit Sharma
2025-03-17
Read More
Mahindra XUV700 Ebony Edition launched at Rs 19.64 lakh (ex-showroom). It is based on the high-end AX7 and AX7 L variants with both diesel and turbo-petrol options.
Konica Singh
2025-03-17
Read More
Volkswagen is planning to launch about nine new passenger vehicles by 2027, and among these nine cars to launch globally are 4 new electric models.
Ankita Solanki
2025-03-17
Read More
All Over India
Stay Updated, Pay Less
Choose the Right Car
Multiple Finance Options
Monday - Saturday
10:00am - 6:30pm
+91 7947722777, +91 7479000444, +91 9311718549
contact@carlelo.com