Group of Nissan, Honda and Mitsubishi failed, cooperation becomes closer
Nissan, Honda and Mitsubishi cannot agree to cooperate under one roof. It remains a strategic partnership, especially for electric cars.
Hybrid-Allrad-SUV Honda CR-V e:HEV (Test)
(Image: Florian Pillau)
The major Japanese car manufacturers Nissan, Honda, and Mitsubishi have today agreed to end their talks on cooperation. The memorandum of understanding signed on December 23, 2024, regarding a possible merger between Nissan and Honda has been terminated, as Honda announced in a press release.
Close strategic partnership
The three want to work less closely together in the future as part of a strategic partnership. This is to focus primarily on gaining knowledge and electric cars, as agreed on August 1 last year.
Nissan had already announced the end of merger talks with Honda at the beginning of the month. Both were unable to agree on a valuation of their companies under the umbrella of a holding company. Nissan also saw the danger of becoming a subsidiary brand of Honda.
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This was due to the sluggish development of electric cars in the face of competition from China. With combined sales of more than eight million vehicles, a three-way constellation could have formed the third-largest car group behind Toyota and Volkswagen.
(fpi)