Nissan's dramatic move to cancel everything with Honda
It's a disaster for Nissan. The company's shares dropped on the Tokyo stock exchange following the announcement of the breakdown in merger talks with Honda. This collapse is attributed to Nissan's reported decision to withdraw from negotiations.
The talks came to an abrupt end. According to Japan's Nikkei, Nissan has stopped negotiations with Honda. This development immediately sparked a 4.86% drop in Nissan's stock price, prompting the Tokyo stock exchange to temporarily suspend trading. In contrast, Honda's stock gained 12% in value following the news. Sources point to a reported disagreement over Honda's plan to acquire Nissan's shares, making it a subsidiary, which Nissan allegedly opposed. The potential outcome of the failed merger could be disastrous for Nissan, which is facing financial difficulties. The original idea was to form a Japanese conglomerate along with Mitsubishi, then rival the Chinese and Tesla by quickly transitioning to electric vehicles. Neither company has publicly confirmed this information.
Meat Hungary with Olivier Duquesne – Source: L'Écho with AFP – Picture: Honda
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