Honda and Nissan have broken negotiations for their merger. Now another buyer appears on the horizon: the iPhone manufacturer
Both companies believe that the most appropriate is to cease negotiations With these words, Honda and Nissan have confirmed that they have not reached an agreement and that, therefore, they put an end to their negotiations to add forces. What in March 2024 was exposed as a collaboration agreementat the end of the year was taking fusion form. Until, finally, there were clear that Honda would buy an important part of Nissan. Although there has been talk of Japanese government pressures to force the merger between both companies and try to get Nissan out of a financial hole that points to 9,000 layoffsthe truth is that Honda does not seem completely willing to merge from equal to equal. In recent days, the clearest option seemed to buy Honda of the totality or an important part of Nissan for turn it into a kind of subsidiarysomething that has ended up breaking negotiations. Nissan is now in a complicated situation but has preferred to maintain some independence in its future development. At the moment, it has to face the thousands of dismissals mentioned above but that will be nothing more than the confirmation that the company will fulfill its reduction in production by 20%. They are demanding but mandatory measures now that the profits of profits for the fiscal year that ends soon in Japan 70% have been adjusted compared to the original forecasts. At the moment, companies have announced that they are still open to collaborations for the development of potential future products although there is nothing written about this. Both companies face a future challenge with the electric car. Beyond Japan, the United States aims to be its strongest market but Nissan has fallen hard in the countrywhile putting Great efforts to jump into the electric car in the medium term. In Europe, where the road to the electric car has been paving from the political spheres, Nor has he received the expected support. To all of the above you have to add a context that has further complicated things. In Europe the idea begins to slide They will delay pressure measures to manufacturers to jump into the electric car. In the United States, Donald Trump is determined to end the promotion of this technology that Joe Biden had promoted with large tax incentives. Steel and aluminum tariffs They can be the icing to make the product more expensive and hinder its economic viability. In all this jaleo, a new player appears on the horizon. Foxconn and the car, the eternal desired Since the economic difficulties that Nissan is going through, Foxconn has been seen, he would see that he would be interested in buying an important part of the company and starting to manufacture its vehicles. The Taiwanese company is known for the production of iPhone But he has long since assured that his experience producing all kinds of technological devices may be sufficient to produce your own vehicles. Intentions are clear for years: produce platforms with all the integrated hardware necessary to make each manufacturer contributing its distinctive point with the software. To assert its position, Foxconn has been insisting that this way of working is perfect for launching electric cars at a low price. In December 2022Liu Young-Way, his CEO, said that the company’s strategy went to reach between 40 and 50% of world car production. The first milestone was marked by 2025 when they aspired to produce 5% world vehicles. Obviously, this will not happen but aware of the difficulties Nissan has, Foxconn has been interested in at least, with the shareholding that Renault keeps in the Japanese company as a consequence of the alliance, Woven under the mandate of Carlos Ghosnand its subsequent agreements that have been diluting participation of the French. With the negotiations between Honda and Nissan, foxconn again gained strength after Nissan will confirm last week which was open to new collaborations, including that of the Taiwanese company. Since then, the Rumors They have been taking strength although their managers have been elusive. In his last statements, Foxconn has made it clear that his true intention with Nissan would be framed within a collaboration and not of the purchase from your shareholders. These statements, of course, came before the publication of the cessation of negotiations between Honda and Nissan. Photo | Sling In Xataka | Nissan pointed to the electric car as a future plan. It will fire 9,000 employees and prove Toyota
