Nissan is looking for partners to replace Honda for a worldwide merger

Now everything seems to be shipwrecked, according to the information that comes from Japan.

Last week it had transpired that Nissan would have canceled negotiations Fusion with his Honda rival, as announced by the Nikkei newspaper, raising doubts about his ability to overcome a solo crisis.

Today another Japanese medium, Kyodo News, says to have information in which There was talk of cancellation, but despite this, Honda looks like ManHave interest in at least cooperate in the development of battery and electrical systems management software.

On the other hand, The Reuters agency reports that two anonymous sources within Nissan confirmed that the automaker is already looking for other alternatives to replace Honda and that they do not close to the possibility of merging with technology companies, bringing back to Foxconn to the game.

Foxconn is a Taiwanese manufacturing and technological development company that has been mostly known for being Apple’s ally for the manufacture of the manufacture of iPhone and many other of the American brand devices.

For a couple of years they have shown interest in entering the automotive industry by presenting at least two concepts that look ready for production.

A Nissan spokesman said that this news “does not correspond to any information announced by the company” and said that it plans to make its official position on the state of the negotiations in the middle of the month.

Another Honda spokesman spoke in similar terms by pointing out that this information does not come from the company and reiterated that “there is no change” regarding the announcement made by both firms last Friday.

A failure of negotiations would mean a problem for Nissan, which had its Japanese pair as lifeguards.

Its position in the world automotive industry has been constantly deteriorated during the last half decade due to a little competitive product line. With 7.92 billion yen (US $ 51.9 billion), Honda is valued in 5.5 times Nissan’s market capitalization.

The Japanese automotive manufacturer Nissan Motor announced just over a month ago a cut of 9,000 jobs worldwide and a reduction in its production capacity of 20 %, with a view to improving its liquidity and profitability after the sharp worsening of its semiannual financial results.

The second largest Japanese manufacturer in the sector and a member of the Alliance with Renault and Mitsubishi made these restructuring measures public during the presentation of their results for April-September, which reflected a fall in their net profit of 93.5 % compared to the same semester last year.

The results of the second quarter of fiscal year 2024/25, which covers the months of July to September, illustrate the magnitude of the financial problems that Nissan faces.

During this period, the company reported an 85% drop in its operational benefits, reaching only 32.9 billion yen. This is a result that stood below expectation.

Given this scenario, the CEO of Nissan, Makoto Uchidaexplained in a statement that the company is implementing a series of settings to optimize its operations.

Meanwhile, executives of Renault They traveled to Japan to meet with their nissan peers in an effort to maximize the value of the French car manufacturer participation in the Japanese firm before its merger with Honda, said a source close to the negotiations.