Honda’s $ 60 billion fusion with Nissan collapses

The mega-fusion of $ 60 billion between Honda and Nissan was canceled, in part because of the insufficient “pride and alarm of Nissan”, “,” Writes Reutersciting half a dozen sources.

The report suggests the bad blood on both sides, saying that development is also linked to Honda suddenly revising the terms of the merger and proposing that Nissan becomes a subsidiary. The Taiwanese giant of electronics Foxconn, which recently imposed electric vehicles, has said he might be interested in buying a stake in Nissan now that fusion is disabled.

The two Japanese car manufacturers revealed last year that they were considering means to work together and officially announced the merger talks in December. Their primordial objective was to better survive the “dramatic changesIn the automotive industry.

If they had gathered, they would have created the third world car manufacturer. The two companies also planned to comply in Mitsubishi, which – with the French automaker Renault – is currently in a strategic alliance with Nissan.