A fusion would position them as the third largest group of car manufacturers in the world behind Toyota and Volkswagen.
THE Honda engine and the Nissan Motor They have officers on Thursday 13, in a joint declaration, the end of the conversations for the merger of the operations. The two car manufacturers had announced their intention to combine business at the end of last year.
The dialogue between companies, however, has soon collapsed. Honda initially accepted the merger in terms equivalent to the rival, but then he intended to transform Nissan into a subsidiary.
The change of plans annoyed Nissan’s Board of Directors, according to a person who is familiar with negotiations.
In the declaration, the two car manufacturers also reported that they will keep the partnership focused on the automotive technology announced in August.
Honda and Nissan presented the business as a way to share the financial burden, developing and investing together in state vehicles. Nissan sells more than three million vehicles per year, while Honda sells almost four million. A fusion would position them as the third largest group of car manufacturers in the world behind Toyota and Volkswagen.
The negotiations were suspended last weekThe 5th and the announcement of its end was released on Thursday ./com Dow Jones Newswires and the New York Times
Source: Terra
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