Nissan plans to cancel the merger consultation with his rival Honda. The sources stated on Wednesday that they had abandoned more than $ 60 billion of the world's no unnecessary partnership. 3. Surse a question about how to promote the turn around and how it promotes a car manufacturer.
The lectures have become complicated as the difference between the two Japanese automakers is increasing, and the two people are familiar with this problem, so neither of them has been allowed to talk to the media. I refused to be rejected.
Nissan's shares slipped in more than 4 % on the Tokyo Stock Exchange. This temporarily stopped stock transactions after the Nikkei Business's daily report.
Honda's shares continued to trade and increased more than 8 %.
This development raises new questions about Nissan's hard hits, which are in the middle of the turn -around plan and to reduce 9,000 employees and 20 % of world abilities.
Honda, the second largest car manufacturer in Japan behind Toyota and Nissan, has increased rapidly in the industry that faces China's BYD and other major threats, and is the third largest car manufacturer in the world. He said that he was discussing by selling. Participants of electric vehicles.
Reuters reported earlier that Nissan could stop discussions after Honda has heard about becoming a subsidiary.
Nissan stated that this was a BALK, because it deviated from what was originally framed as equality.
Nissan and Honda stated in a separate statement that the Nikkei Report was not based on the information published by the company, and said that the future direction was finalized by mid -February and aimed to announce it at that time.
Honda, who has a market value of about $ 519 billion or more than Nissan with a market value of 1.44 trillion yen, is more and more worried that his rivals in the turn around plan are more and more worried.
The partner talks agree with the confusion brought by the potential tariffs from US President Donald Trump.
Analysts say the tariffs on Mexico is more painful in Nissan than Honda and Toyota.
“Investors may be worried about Nissan's future [and] Morning Star Analyst Vincent San said. “Nissan also has a larger risk exposure to tariffs in the United States and Mexico than Honda and Toyota.”
Nissan was struck more fierce than some rivals by shifts to EVS, as the arrest and removal of Carlos Gosun in 2018 had never recovered after many years.
“The news that Nissan doesn't want to be a Honda subsidiary appears to emphasize that control is a matter of controversy,” said Christopher Richter, a BROKERAGE CLSA JAPAN AUTOS analyst. “Even if you can't control, Honda seems to be leaving.”
Renault, Nissan's long -term alliance partner, stated that it would be a merger in principle.
Automakers have 36 % of Nissan, including 18.7 % of French trusts.
Nissan and Honda initially said that the direction of integration would be decided by the end of January, but it was later pushed back in mid -February.
The sources told Reuters last month that Mitsubishi Motors, a small Nissan alliance partner, may have been considering participating in the merger.
