Nissan and Honda Motor decided to terminate the Memorandum of Understanding MoU signed on December 23 last year for a potential meger between the two Japanese motor giants.
The February 13 statement said “Since signing the MoU, the management teams of both companies, including the chief executive officers, have discussed and considered the surrounding market environment, the objectives of the business integration, and the management strategies and structures post-integration. Additionally, taking into account the importance of a business integration, both companies have carefully consulted with various stakeholders.”
The statement continued “During the discussions between the two companies, various options were considered regarding the structure...
