Japanese automakers Honda and Nissan have called off their merger plans after disagreements over corporate structure. Nissan is now exploring new partnerships. While the chairman of Taiwanese electronics giant Foxconn has expressed interest in EV collaborations, Nissan’s CEO stated that there have been no management-level talks yet.
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00:00Car makers Honda and Nissan have scrapped plans to merge, leaving both open to new partnerships.
00:07The two Japanese companies were in talks to merge into a US$60 billion automotive giant.
00:12However, talks collapsed after Honda proposed making Nissan a subsidiary.
00:18Nissan says it is now open to other partnerships.
00:21The chair of Taiwan electronics giant Foxconn has expressed interest in collaborating with
00:25Japanese car makers on EVs.
00:28Nissan's CEO says there have been no management-level talks so far.