Nissan looks set to step back from merger talks with rival Honda, two sources said on Wednesday, calling into question a ...
Nissan shares plunged on Wednesday as reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda.
The deal may fall through as Honda reportedly wants to make Nissan its subsidiary, an act the latter vehemently opposes.
According to a Nissan spokesperson, its long-term alliance partner Renault will vigorously defend the interests of the group ...
Honda and Nissan's merger talks that began in December are reportedly on hold after Honda presented terms that were unacceptable to Nissan.
The struggling Japanese carmaker is withdrawing from talks, the Nikkei business daily and other local media reported.
Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.
The pair are discussing various options, including the possibility of withdrawing from deal talks, according to statements.
The landmark EV merger, which would create the world’s third-largest automaker, may not happen after all. Honda and Nissan’s ...
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