The Japanese car manufacturers Honda Motor and Nissan Motor have formally terminated the merger negotiations. However, they will continue with the strategic partnership with Mitsubishi regarding battery technology, development of self-driving vehicles, software, and electric vehicle technology.
The decision to terminate the talks puts heavy pressure, particularly on Nissan, which now must find other ways to strengthen its financial position.
Honda is simultaneously presenting a quarterly report with a slightly worse operating result than expected, but with net sales slightly higher than expected.
For 2025, Honda is raising its forecast by a notch to net sales of 21,600 billion yen. The previous forecast was 21,000 billion yen.
