Nissan to suspend merger talks with Honda

Plan to create third-largest car group at risk over disagreement on terms

Nissan and Honda were not able to agree on the valuation of each side under a holding company, according to people familiar with the matter. (Nikkei montage/Source photos by Mizuho Miyazaki and Reuters)

Nikkei staff writers

February 5, 2025 14:53 JST

Updated on February 5, 2025 22:08 JST

TOKYO -- Nissan Motor will suspend merger talks with Honda Motor as the two Japanese automakers have been unable to reach a consensus on the terms of the deal, Nikkei has learned.

Nissan informed Honda on Tuesday of its intention to halt the talks. On Wednesday, Nissan held a board meeting and discussed scrapping the memorandum of understanding (MOU) signed in December regarding negotiations on business integration.