Japanese auto giants Honda and Nissan confirmed they've scrapped merger talks announced in December, ending a potential combination that would have created the world's third-largest automaker.
It seems like if Honda has any interest left in in Nissan, they’ll just buy it out of bankruptcy when that occurs. The only other chance Nissan seems to have is if there is a non-automotive company that wants to become one.
At the start of this I heard ideas that the Japanese government was pressuring them so that Nissan stock (held by many retirement funds) didn’t go to 0.
It seems like if Honda has any interest left in in Nissan, they’ll just buy it out of bankruptcy when that occurs. The only other chance Nissan seems to have is if there is a non-automotive company that wants to become one.
At the start of this I heard ideas that the Japanese government was pressuring them so that Nissan stock (held by many retirement funds) didn’t go to 0.