According to a report by Nikkei Business, Nissan is reconsidering accepting an investment from Honda following the breakdown of negotiations to establish a joint holding company. The report also suggests that Nissan is exploring a potential four-company collaboration involving Honda, Hon Hai Precision Industry, and Mitsubishi Motors.
Citing unnamed sources, Nikkei Business noted that while it remains uncertain whether Nissan would become a wholly owned subsidiary, discussions are expected to move forward regarding Honda’s investment. A key condition for any collaboration with Honda is reportedly the resignation of Nissan President and CEO Makoto Uchida. The majority of the company’s nomination committee is said to be in favor of not retaining Uchida, with a final decision expected at a board meeting in mid-March.
When contacted for comment, Nissan spokesperson Shiro Nagai declined to provide a statement, the report added.