Honda and Nissan End Integration Talks Amid Profit Declines
Honda reports a 7% profit drop while Nissan's profit falls sharply, prompting the end of merger discussions between the two automakers.
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Honda has announced a 7% decline in profit for the nine months ending December 2024, totaling 805 billion yen, as it concluded integration talks with Nissan, which reported a drastic profit drop to 5.1 billion yen. Nissan stated its focus shifted to avoid becoming a Honda subsidiary, which was a significant factor in the termination of the talks. Both companies aim to continue collaboration on electric vehicles but are also cutting costs and jobs amid significant profit declines.
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