Honda and Nissan are considering calling off their merger talks, Japan’s Asahi Shimbun reported on Wednesday citing several sources.
Honda and Nissan are considering calling off their merger talks, Japan's Asahi Shimbun reported on Wednesday citing several sources.Shares of Nissan rose as much as 7.4%, while Honda climbed as high as 4.2%.
The talks were not going as expected by Honda, which had proposed making Nissan a subsidiary — an idea that the latter was opposed to, The higher stock prices reflect reduced near-term uncertainty for investors, said Karl Brauer, executive analyst at automotive search engine and research firm iSeeCars.
"But the long-term path for both automakers remains uncertain, with multiple issues for each company to address," Brauer told CNBC.merge last DecemberFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklythat the merger was proposed as a result of Nissan's financial difficulties and the restructuring of its long-established alliance with France's Renault.
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