Source: Financial Times [UK]
“Honda is willing to resume takeover talks to create the world’s fourth-biggest car producer if Nissan’s chief executive Makoto Uchida steps down, according to people with knowledge of the deliberations. The 58-year-old had been one of the strongest advocates within Nissan for a deal with Honda. However, relations between Uchida and his counterpart Toshihiro Mibe deteriorated as Honda became frustrated with the speed of Nissan’s restructuring and the depth of its financial troubles. The merger talks broke down after Honda demanded that Nissan become a fully owned subsidiary instead of establishing a holding company, with the two companies on an ‘equal footing.’ Honda would be prepared to revive negotiations under a new boss who can better manage internal opposition, according to one person.” (02/17/25)