Honda and Nissan have completed their merger plans
Nissan and Honda officially have excuses their plans to merge into a car manufacturer less than two months after they confirm the rumors That they are really looking to join forces. In a message, the companies said they did it "agreed to end" The MP Memorandum (MP) signed in December 2024 if they had passed with it and also brought controlled by Nissan Mitsubishi on board, the new entity would have had a net value of about $ 50 billion.
Automobile manufacturers said their executives and other members of their management teams have discussed what they want to achieve with the merger, as well as the structures they want after the integration. They explained that they had considered different options when it came to the final structure of the united entity. Honda has suggested several options, including the creation of a joint holding company where the automaker will be the one appointed by the CEO and the majority of directors. However, he also offered a structure in which Honda will be a mother company, while Nissan will be the subsidiary.
Financial times reported in early February that Honda presented the structure that would make Nissan his subsidiary as "Take it or leave it" offer. The bigger part of the Nissan board members rejected the deal then during a meeting, but Nissan chose to Wait until mid -February to make an official announcement. Automobile manufacturers said they had chosen to end their discussions "To give priority to the speed of decision-making and implement management measures in an increasingly unstable market environment aimed at the era of electrification." They also said they still had plans to cooperate "Within the framework of the strategic partnership aimed at the intelligence era and electrified vehicles."
This article originally appeared on Engadget at https://www.engadget.com/transportation/honda-and-nissan-have-dend-their-merger-plans-075501432.html?src=ss
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