Reuters learned of Nissan’s chief decision to refuse to merge with Honda

In December, Honda and Nissan signed a memorandum of understanding to discuss unification in a holding company. Companies wanted to create the third largest car concern in the world to compete more successfully in the automobile industry, the agency points out.

However, after Honda announced the desire to make Nissan with his subsidiary, the negotiations on the merger were in a dead end, said the reuters source. According to him, a consensus was achieved by Nissan about the impossibility of continuing negotiations on such conditions.

According to Reuters, the car manufacturer will officially express the decision to withdraw from the transaction at a meeting of the Board of Directors, which will take place next week.

Now Nissan is open to cooperation with other partners, including technological companies, to adapt to changes in industry, including active growth in Chinese car concerns and an increase in the popularity of electric cars, two agency sources familiar with the company. They said the plans.

According to one of them, the company, in particular, considers the possibility of cooperation with the Taiwanese Foxconn, the largest contractual manufacturer in the world in the world.

On the eve of February 6, Bloomberg, the Wall Street Journal and Nikkei Asia reported that Nissan’s Board of Directors plans to refuse to become a Honda subsidiary. Nikkei Asia wrote that the concerts of the car could not agree with the value of each of the companies within the framework of a possession.

The fact that Nissan and Honda began preliminary negotiations about fusion, in December Financial Times wrote. Then, the companies declared that they are “considering different options for cooperation”, including the association. Shortly before that, Bloomberg said Nissan would shoot 9 thousand employees worldwide and reduce production by 20% due to the fall in car sales and hardener competition of Chinese companies, as well as Tesla, Ilona Mask .