P1racenews AI automatic summary:
This would have been a huge deal for all involved – but talks have now ended following an initial agreement last year.
A potential merger deal between Honda, Nissan, and Mitsubishi Motors has been called off, as confirmed by the manufacturers. The signed memorandum of understanding (MOU) last December was reportedly worth up to $60 billion. This deal would have positioned the combined entity as the third largest automotive manufacturer in the world. Unfortunately, negotiations hit a snag last week, with Nissan expressing concerns over the agreement’s structure. As a result, a joint statement was issued, terminating the tripartite collaboration MOU. Instead, the companies will focus on a strategic partnership aimed at intelligence and electrified vehicles within the established framework from an MOU signed last year. Additionally, Honda is making a comeback to F1 in partnership with Aston Martin, providing power units under new technical regulations starting next year.
