Photo caption: (L to R) Makoto Uchida, President and CEO of Nissan motor corporation, Toshihiro Mibe, President and Representative Executive Officer of Honda, and Takao Kato, President and CEO of Mitsubishi Motors attend a joint press conference in Tokyo on December 23, 2024. AFP
Nissan’s board is in favour of abandoning merger talks with Honda, although calling them off has yet to be decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday.
“The latest conditions put on the table by Honda are unacceptable for Nissan… It needs to be formalised, but basically, it’s over,” the source said.
In December, the Japanese auto giants Honda and Nissan agreed to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles.
Details later….
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