Honda-Nissan Fusion, the agreement at risk. What is going on

The merger process between Honda and Nissan It seems to have come to a setback. According to the rumors collected by the press agency Reutersin fact, the negotiations between the two manufacturers would have stumbled upon oneempassefor important divergences between the top. One above all, the perspective made by Honda, leaked by Tokyo a few days ago, regarding the possibility of relegate Nissan to subsidiary of the new alliance. The concerns relating to the possible introduction of duties On the cars produced in Canada and Mexico marketed in the United States, the impact of which would be unbalanced towards Nissan, in the event that the presidency decided to propose them again.

the agreement

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But let’s take a step back to retrace the story of an agreement that could give life to the third world manufacturer with the value of 60 billion dollars of capitalization. A new group of over 8 million cars sold per year (data referring to the total car sales of the two Japanese brands in 2023). Officially announce the December 23, 2024the negotiations for the merger between Honda and Nissan followed a previous agreement between the two houses relating to a collaboration in the field of electrification and software. Period coinciding with a moment of strong Crisis for Nissan Which, just a month earlier, had announced a plan of layoffs on a global scale for over 9,000 employees and a 20% cut of the production capacity. A giant in difficulty, therefore, but from the greater penetration capacity in the European market, and above all ready to return pioneer in the field of 100% electric carshaving advanced stadium experiments relating to the adoption of solid state batteriesready for 2027 Five times that of Nissanbeing a maxi-industrial group present in a multitude of sectors, from robotics to generators, passing through planes. However, in the negotiation phase, reaching the latest rumors never officially confirmed, the latter would perhaps have made excessively lever on its greater dimensions and also on its best financial healthplacing in a position of “minority” Nissan and thus meeting the resistance of the possible partner. If at the moment nothing is official, very soon the two manufacturers will have to publicly account for the developments: the definition of the agreement has in fact been set for mid -February. At the moment, the response given the markets, with Nissan that descends 5% to the stock market following the spread of rumors, while Honda remains almost stable with a +1%.

Renault and Mistubishi

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To further complex the negotiations between the manufacturers is the existence of aNissan alliance with Mitsubishi and Renaultwhich in the introduction, in 2001, in turn represented the third car manufacturer in the world for volumes, only to retreat over time (now this position is occupied by the Korean Hyundai-Kia). Mitsubishi Specifically, it would not be interested in joining the new Japanese holding, although Nissan holds 24%. That of Renault group Instead, it remains a very important unknown. At the moment, the French company, of which 15.01% belong to the French state and 15% in Nissan, has limited themselves to spreading a note: “We continue to carry on its strategy and the development of value creators for the group, including those launched in the context ofAlliance“. No direct position officially communicated, therefore, for a company that currently in turn holds 35.7% of the capital of Nissan itself, and which must therefore be actively involved in the development of negotiations.