Honda and Nissan End Lands say talks, they say they will continue to “cooperate”

Japanese automaker companies Honda and April He said Thursday They will end the integration talks, and end speculation about the fate of a $ 60 billion deal to establish the third largest car company in the world through sales volumes.

They said that “different options” were considered, including Honda’s proposal to change the merger structure from a joint holding company to one with Honda as the father and Nissan as a subsidiary through the exchange of stocks.

The two companies said they “will cooperate within the framework of a strategic partnership aimed at the era of intelligence and electric vehicles.”

Reuters on February 6 I reported that Nissan “appears to be to back down from” merger talks with Honda.

Honda shares gained 2.14 % on Thursday, while Nissan shares fell 0.34 %.

The merger collapsed due to “pride and denial” of Nissan, as well as his refusal to close the factories, while Honda moved to make the auto company stopped the fate of the deal, according to the Reuters report. According to what was reported, Honda was pressing deeper discounts for employees in Nissan.

In December, Honda and Nissan began integration discussions on Create the third largest car manufacturer in the world through vehicle salesWith talks to be concluded in June.

At a press conference in December, the CEO of Honda Toshiro Maybi said that the deal aimed at sharing intelligence and resources and providing savings size and synergy while protecting both signs.

Nissan shares 24 % disbursed on December 18 Media reports of integration, on the occasion of the best share day since 1985.

The merger was announced a month after Nissan published explicit results for the second quarter ending in September, I revealed this It would reduce 9,000 jobs and reduce global productive capabilities by fifth.

Separately, Honda was informed on Thursday The results of the third quarterWith revenues of 5.53 trillion yen ($ 36.4 billion), an increase of 1.4 % on an annual basis. The operating profit increased to 397.8 billion yen, by 4.6 % compared to the same period last year.