Nissan’s board of directors plans to leave the proposal to become a subsidiary of Honda, Bloomberg, the Wall Street Journal and Nikkei Asia Informa. The fact that companies are discussing the merger became less than two months ago.
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According to Bloomberg, Nissan intends to call a meeting of the Board of Directors on Wednesday, February 5. Nikkei Asia writes that car concerts could not agree on the cost of each of the companies within the framework of a possession.
According to Nikkei, Honda and Nissan, they will withdraw the memorandum of the understanding they signed in December. The representatives of the automobile manufacturers in Bloomberg’s comment said they did not make any statement about the negotiations, confirming that they were ongoing. Companies planned to determine the basic terms of the transaction in mid -February.
In December, Financial Times reported that Nissan and Honda began preliminary negotiations about fusion. Companies said they are “considering different cooperation options,” including the association.
Shortly before that, Bloomberg said that Nissan would shoot 9 thousand employees worldwide and reduce production by 20% due to the fall in car sales and hardening competition of Chinese companies, as well as Tesla, Ilona Mask
If the fusion of the two car concerns will not occur, the pressure on Nissan will increase, the company’s management will have to convince the creditors, employees and clients that it can survive in conditions of rigid competition in the United States, WSJ , WSJ Notes.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
