Nissan-Honda $60bn merger ‘basically over’, reports claim; UK interest rate cut expected – business live The $60bn merger between Nissan and Honda to create the world’s third-largest carmaker looks on the brink of collapse this morning.
Nissan’s board is in favour of abandoning merger talks with Honda, although calling them off has yet to be decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday.
Firms reported increased demand for large-scale orders such as aircraft, ships, trains, and military vehicles, where new orders were 55.5% higher than in November “due to several large orders”, statistivs body Destatis reports.
In a statement to the City this morning, IMI said it is currently responding to a cyber security incident involving unauthorised access to the Company’s systems.
According to reports from Japan, Nissan CEO Makoto Uchida met with Honda CEO Toshihiro Mibe today, and explained that he wishes to terminate their merger discussions.
