Nissan can revive Honda merger talks on one condition
The discussions between the auto giants aren't completely dead yet.
At a press conference in Tokyo on February 13, Honda (HMC) CEO Toshihiro Mibe announced that the automakers' discussion with fellow Japanese rival Nissan (NSANY) had fizzled approximately two months after they began.
In a joint statement released the same day, Honda acknowledged that it proposed to divert from its original intention of forming a joint holding company to one where "Honda would be the parent company and Nissan the subsidiary through a share exchange."
"As a result of these discussions, both companies concluded that to prioritize speed of decision-making and execution of management measures in an increasingly volatile market environment heading into the era of electrification, it would be most appropriate to cease [merger] discussions," the two automakers said.
