April, Honda responds to possible fusion reports that are canceled

On Wednesday, Nissan and Honda responded to reports that the potential integration of companies may be at risk.

The Wall Street Journal, citing people familiar with the matter, reported that Nissan was weighing a retreat from the memorandum of understanding with Honda and other options after the company found conditions that Honda had provided as “unacceptable.” Nissan planned to reject the idea that Honda about Nissan is one of its subsidiaries, According to the port.

A Reuters report Nissan also indicated can stop discussions.

Nissan said on Wednesday in a statement to Fox Business that the two companies “planned to decide on the direction of the integration of the administration by the end of January, but the discussions of the preparatory committee for integration are continuing.”

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The Preparatory Committee for Integration by Nissan and Honda established for possible integration discussions.

The company said that Nissan “the goal (the goal) to finish the touches on our direction by mid -February and will announce this at that time.”

HondaMeanwhile, he said on Wednesday that he was “still in discussions”, but he refused to provide more details.

The unrest reports came about six weeks after Nissan and Honda revealed that they signed a memorandum to understand their weight to integrate their companies through a joint holding company.

April, Honda announces plans to consider integration

In late December, auto companies said in a press statement that the memo “aims to work as an option to maintain global competitiveness and for the two companies to continue providing more attractive products and services to customers all over the world.”

A merger From Honda and Nissan, if this is the case, it may lead to the formation of a company that will be the third largest car manufacturer in the world.

Companies can seek to “integrate their administrative resources such as knowledge, human resources and technologies; create deeper synergy; enhance the ability to respond to market changes; and expects to improve the value of companies from mid to long -term” if they agreed and said Nissan and Honda in December.

What Honda Nissan’s integration may mean car industry and consumers

Honda makes vehicles under the brand of the same name and Acura. Nissan calculates Nismo, Autech and Infiniti among her brands.

The auto industry company in late January or globally said Nissan has made more than 3.1 million in the same year.

Honda’s market value is about $ 50.11 billion as of Wednesday. Nissan amounted to 9.44 billion dollars.