"Honda and Nissan Completely Fail Merger Talks... Press Conference This Afternoon"

Honda President to Explain Directly at Press Conference on the 13th
With Merger Collapsed... Foxconn Emerges as a New Player

Merger talks between Honda and Nissan Motor completely broke down on the 13th (local time). With the boards of both companies finalizing this decision, the dream of becoming the world's third-largest automobile group worth $60 billion was also dashed.

According to Nihon Keizai Shimbun (Nikkei), Honda President Toshihiro Mibe is scheduled to hold an online press conference at 4:50 p.m. that day to explain the background behind the collapse of the merger discussions.

Honda and Nissan announced their intention to discuss a management integration in December last year. The goal was to reach a final agreement by June 2025.

Initially, both companies proceeded with negotiations based on establishing a holding company, but disagreements arose over conditions such as the integration ratio. Honda proposed incorporating Nissan as a subsidiary for swift management unification, whereas Nissan strongly opposed becoming a subsidiary of Honda and preferred an independent management structure.

With the merger between the two companies falling through, the market landscape has shifted. Taiwanese electronics company Foxconn has begun considering acquiring Nissan shares held by Renault to expand its electric vehicle (EV) business. Renault, a French automaker, holds about 36% of Nissan's shares.

According to Reuters, Foxconn Chairman Liu Yangwei told reporters on the 14th, "If it is necessary to acquire Nissan shares for cooperation, we will consider it." This is Foxconn's first official stance on negotiations with Nissan.

Foxconn is the second-largest electronics original equipment manufacturer (OEM) by market capitalization in Taiwan, following TSMC. It is well known for contract manufacturing Apple's iPhone series.

This content was produced with the assistance of AI translation services.