Nissan preparing to pull out of merger talks with Honda Nissan looking for another partner to help shift to electric cars after tensions over perceived imbalance, says source.
Openness to a Foxconn tie-up among some board members was first reported by the Financial Times and came after the Chinese company sparked merger talks between Honda and Nissan with an approach to buy Renault’s stake in Nissan.
Nissan is preparing to pulling out of merger talks with Honda in order to try to find another partner to help with the shift towards electric vehicles.
He added that it would be understandable for Honda to seek an acquisition, which would “likely lead to a lot more Nissan job losses than a merger, especially at the executive level”.
Nissan is looking for a new partner, as the talks with Honda have stalled, according to a person with knowledge of the company’s strategy.
