Business Desk 
Feb 14, 2025
Putting an end to something which might have concluded in favour of both, automaker giants Nissan and Honda confirmed on Thursday that their merger worth $60 billion has been called off.
If came to fruition, the merger would have formed the world’s third-largest auto-manufacturing firm in terms of unit sales. Nissan was reportedly confronting severe predicaments when Honda extended a helping hand in the form of a potential merger.
Experts viewed the failed alliance to be the backbone of a strong player against globally leading automaker titans including US-based Tesla and other Chinese firms in the electric vehicle (EV) segment, as reported by The News.
In a statement jointly released by Nissan and Honda, they “agreed to terminate the MOU (memorandum of understanding) signed on December 23 last year for consideration of a business integration between the two companies.”
“That both companies were not able to reach an agreement is very regrettable,” said Honda CEO and president Toshihiro Mibe.
Reflecting on the matter, Mibe explained that no merger could pull Nissan out of trouble. The automaker laid off thousands of employees last year following a 93% drop it endured in first-half net profit.
As of now, the loss-making automaker is said to be expecting an annual loss of $518 million due to low-selling woes.
