Honda and Nissan make it official: Their merger talks are off

[Eugene]

Source: CBS/AFP

Honda and Nissan make it official: Their merger talks are off

Updated on: February 13, 2025 / 11:26 AM EST / CBS/AFP

Japanese auto giants Honda and Nissan on Thursday confirmed they had scrapped merger talks announced in December, bringing an end to a tie-up that would have created the world's third-largest automaker.

The firms said in a joint statement that they "agreed to terminate the MOU (memorandum of understanding) signed on December 23 last year for consideration of a business integration between the two companies."

The firms' intention to join forces had been seen as a bid to catch up with Tesla and Chinese firms in the electric vehicle market.

Honda's CEO insisted in December that it wasn't a bailout for Nissan, which last year announced thousands of job cuts after reporting a 93 percent plunge in first-half net profit.

-snip-

Read more: https://www.cbsnews.com/news/honda-nissan-merger-talks-officially-off/

[cloudbase]

1. Good for Honda.

My sense is that the greater company doesn't bring up the lesser company, but the lesser company brings down the greater company.