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Nissan to Reject Honda’s Merger Terms, Putting Deal in Peril

  • Honda Motor Co has proposed that Nissan Motor Co become its subsidiary, which could alter their merger plans, according to sources familiar with the matter.
  • Nissan has not convinced Honda of its business turnaround, which was a condition for their planned merger, as stated by the sources.
  • Honda has requested Nissan to provide specific measures for the merger, but has been dissatisfied with the responses, according to the sources.
  • Nissan President and CEO Makoto Uchida emphasized that any agreement would be a merger of equals, while a Nissan executive opposed the subsidiary proposal, stating, 'There can be no other option than what was agreed in December last year.
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Paul Tan's Automotive News broke the news in on Tuesday, February 4, 2025.
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