Written by Cláudio Afonso | LinkedIn | X
Japanese carmakers Nissan and Honda have officially cease discussion on the business merger, the companies announced on Thursday.
In late December, the companies had signed a memorandum of understanding (MOU) for “consideration of a business integration” between Nissan, Mitsubishi and Honda.
In a statement, the automakers said “various options were considered regarding the structure of the business integration.” Honda proposed Nissan change “the structure from establishing a joint holding company to a structure where Honda “would be the parent company and Nissan the subsidiary through a share exchange.”
“Going forward, Nissan and Honda will collaborate within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles, striving to create new value and maximize the corporate value of both companies,” the company said.
Last month, Nissan dropped plans to produce a compact EV model at its Mississippi plant. The production of the model, codenamed PZ1L, will be at Nissan’s plant in Sunderland, UK.
This decision follows a series of delays and cancellations for Nissan’s EV projects. The automaker recently postponed plans to produce two electric sedans in Mississippi, citing ongoing adjustments to its global production and market strategy.
