After unsuccessful negotiations with Honda, Nissan has ended discussions about a merger and is now searching for a new partner, reports “Nikkei.” Among the potential candidates is the Taiwanese technology giant Foxconn.
Nissan abandoned plans for a $60 billion merger with Honda, which could have made it the third-largest car manufacturer in the world. The primary issue reportedly was disagreements over the terms of the merger.
Source: MSN: Read The Article
PSR Analysis: Nissan is struggling to deal with the EV revolution. After successfully launching and selling the Leaf, they have fallen behind in the EV race. Nissan continues to lose market share and has not introduced new models in a long time. Their future is in doubt long term with new threats like Tesla, BYD, and other Chinese automakers gaining momentum. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
