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Keyword: makotouchida
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Nissan suspends merger talks with Honda, potentially ending the dream of a new Japanese car giant
he budding romance between Honda and Nissan may have already come to an end. On Thursday, Nissan president Makoto Uchida informed his counterpart, Honda president Toshihiro Mibe, that he was pulling out of merger talks, according to several media reports. A withdrawal ends months of behind-the-scenes conversations between the two Japanese carmakers. The two auto giants, along with fellow carmaker Mitsubishi Motors, announced in late December that they would explore a merger, possibly creating the world’s third-largest automaker. Honda, No. 57 on the most recent Fortune Global 500 ranking, reported $141.3 billion in revenue for 2023; Nissan, at No. 136,...
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