Merger talks between Nissan and Honda face challenges as ownership disagreements emerge despite initial hopes for shared research.
But it looks like things went wrong. Apparently, Honda wanted to own Nissan completely. Nissan didn’t like that idea at all. They wanted a partnership, not to be owned.
The companies hoped to combine strengths. They aimed to share research and standardize car parts. Nissan’s CEO thought it could really unite them. Nissan has had some problems lately. Sales went down, so they cut production.
They also planned to cut jobs, but the future is uncertain. A supplier of Nissan is building a new factory. This might create some local jobs, near Nissan’s Sunderland plant.
Honda’s boss said Nissan needs to improve. He said the deal needed two strong companies. The two companies extended their deadline. Nissan’s production fell last year.
Their sales also dropped a little bit. Both headquarters did not confirm the news source. They said they would decide soon.
More news: car sales actually dropped last month. Fewer people registered new cars in the UK. So something seems to be changing.
Petrol car sales decreased a lot. Electric car sales went up a bunch though! Electric cars now take up a decent chunk of the market.
