Japanese Automakers End Merger Talks
TOKYO, Japan - Honda, Nissan, and Mitsubishi have terminated discussions for a business integration merger. The companies jointly announced the end of their negotiations, which had explored the establishment of a combined holding company.
The decision to end the talks comes amid concerns over overlapping product lines and unclear benefits for the companies involved. Further details surrounding the breakdown of the discussions were not immediately available.
Previously, Honda and Nissan had declared their intentions to form a joint holding company in December 2022. Mitsubishi had expressed interest in joining the group, but the talks have now come to an end.
Analysts had questioned the synergy potential of the proposed merger, given the similarity between the automakers' product offerings.