Honda and Nissan’s proposed $60 billion merger has crumbled due to several factors, including Nissan’s alleged pride and concerns over its position within the partnership. As reported by Reuters, sources indicate that Honda unilaterally altered the merger conditions, suggesting that Nissan become a subsidiary, causing tensions between the companies.
The merger, initially announced in December, aimed to strengthen the automakers against industry shifts. Together, they would have become the world’s third-largest automaker, potentially incorporating Mitsubishi and Nissan’s current alliance partner, Renault.
Taiwanese electronics conglomerate Foxconn has expressed interest in acquiring a stake in Nissan following the merger’s collapse.
Original source: Read the full article on TechCrunch
