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Nissan and Honda formally end merger talks, scuttling $60 billion deal

Honda reported a 7% decline in profit for the nine months that ended in December as it terminated talks on integrating its business with Nissan.
Nissan and Honda announced on Thursday that they had agreed to end discussions on merging their businesses.
The proposed merger aimed to create the world’s third-largest automaker to enhance competitiveness in the electric vehicle market.
Existing collaborations in electric vehicles and smart cars will continue despite the end of merger talks.

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Manila Bulletin

Nissan and Honda terminate merger talks

The talks for a merger that could have created one of the largest Japanese automotive groups have officially been terminated. Late last year, Japanese auto giants, Nissan and Honda, had signed a memorandum of understanding (MOU) to enter talks to discuss a possible business integration or merger.The two companies, along with Nissan’s alliance partner, Mitsubishi, said the companies would discuss the details and reveal the results of that discuss…

8 days ago

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The US Sun

Nissan customers fear company is 'about to close up shop' after CEO's comments

NISSAN owners and loyalists are panicking after a proposed merger with Honda fell through, leaving a giant question mark hanging over the future of the storied but diminished Japanese automaker. Over the last year, Nissan’s profits tanked, and the company has announced the closure of several auto plants and cuts to some 9,000 jobs. GettyNissan customers are worried that the automaker will be closing shop[/caption] AFPNissan CEO Makoto Uchida sai…

9 days ago

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Sydney Morning Herald

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9 days ago·Sydney, Australia

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OC Register

Nissan drops its talks to merge with rival Honda

They will continue partnering on Mitsubishi Motors and in-house development of batteries, autonomous driving and electric vehicle technology.

9 days ago·Orange County, United States

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Indian Express

Three reasons why the Honda-Nissan deal collapsed

Talks between Honda Motor and Nissan Motor for a potential merger, a multi-billion deal that would have resulted in the creation of the world's fourth largest automaker in terms of vehicle units sold, have collapsed.

9 days ago·India

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