The proposed Honda-Nissan merger almost seems to fall apart, whereby insiders claim that the two Japanese car manufacturers cannot agree on conditions to become partners.
Nikkei Asia Reports Woord van Insiders that Nissan has been set to step away from merged talks with his rival.
These insiders said the company believed that the partnership would see it and Honda treated it as equals, but Honda proposed that Nissan should be a subsidiary instead – something that caused considerable friction.
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For context, Honda has a market value of 7.92 trillion yen ($ 82.65 billion), while Nissan’s market value is currently 1.44 trillion yen ($ 15.03 billion).
Nissan also recently had major financial problems, whereby experts from the industry claim that it has less to offer than Honda.
Comments made by sources to Reuters Proposed merger talks may be redesigned.
The car manufacturers had previously announced that they would develop a framework for the proposed merger in mid-February, before they arrived at a final agreement-the details of the deal, including sharing transfers in June 2025 and merge in mid-2026.
Nissan is currently part of the Renault-Nissan-Mitsubishi Alliance, founded in 1999 between Renault and Nissan before Mitsubishi was joined in 2016.
Last month Japanese outlet Kyodo -NieuwsWith reference to insider sources, Honda reported that Nissan is buying Renault’s interest of 35.7 percent.
The importance, reportedly worth around 557 billion yen (a $ 5.78 billion), reportedly causes Honda concern, because it believes that Renault’s interest can be purchased by a third party during negotiations with Nissan.
Renault has only recently reduced its interest in Nissan, from 43.4 percent to the current company of 35.7 percent.
In a supplementary report, Reuters Was told by a Renault spokesperson that the “powerful” would defend the interests of the group and his stakeholders. “
While Mitsubishi would decide whether it participated in the merger at the end of January 2025, a report last month The Japan NewsWith reference to non-geidified sources, said the brand will make arrangements to exist outside the Honda-Nissan merger.
This is despite previous instructions that it is considering strongly becoming a member of the partnership. Mitsubishi is said to still work with Nissan and Honda.
Nissan is the largest shareholder of Mitsubishi, but recently sold an unprecedented part of the importance of 34 percent.
A merger between Honda and Nissan would make the new Japanese alliance the world’s third largest car manufacturer, based on 2024 production volumes, behind market leader Toyota (including Lexus, Daihatsu and Hino) and the Volkswagen Group.
In 2024, Honda produced 3,733,602 vehicles (11.9 percent), while 3,144,470 vehicles (8.7 percent) of Nissan production lines rolled, a total of around 6.88 million vehicles.
Mitsubishi meanwhile produced 944,708 vehicles, 7.7 percent less than the year before.
In Australia this order is reversed, where Mitsubishi supplies 74,547 vehicles last year, while Nissan and Honda have managed deliveries 45,284 and 14,092 respectively.
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