Multi-billion dollar merger talks between Honda and Nissan collapse

Published On Feb 13, 2025, 1:41 AM

Merger talks between Japanese car manufacturers Honda and Nissan have collapsed due to disagreements over a multi-billion dollar tie-up intended to address competition, particularly from Chinese firms in the electric vehicle market. This merger would have formed a major competitor in the automotive industry alongside other giants and would have provided necessary support for Nissan, which has been experiencing a decline in sales and restructuring efforts. The competition from companies like BYD in the EV sector is proving challenging for traditional automakers.