The merger talks between Honda and Nissan collapsed after companies did not accept a liaison agreement of several billion dollars.
Japanese car manufacturers aimed to combine their companies to combat competition from rival companies, especially in China.
Speaking in December, Honda’s general manager Toshihiro Mibe said that an agreement with Nissan fights “the rise of Chinese power”.
The joining of the forces would have created a new giant in the automotive industry alongside Toyota, Volkswagen, General Motors and Ford.
He would also have provided Nissan, who for a certain time was the second largest automotive company in Japan, with crucial relief after years of slowdown in sales and disorders involving his senior executives.
In November, Nissan abolished the shareholders and planned to dismiss thousands of workers to combat a drop in sales in China and the United States.
The growing electric car market has been more and more dominated by Chinese manufacturers, such as Byd.
This increased competition has left many of the main car manufacturers in the world who find it difficult to compete.
In March of last year, months before they announced the merger plans that the two Japanese car manufacturers had agreed to explore a strategic partnership for electric vehicles (electric vehicles).
“The talks have started because we think we have to speed up capacities to fight them, including the current emerging forces, by 2030. Otherwise, we will be beaten,” Mibe said at the time.
Meanwhile, the Taiwanese technology giant Foxconn has become a possible investor in Nissan.
“If the Cooperation requires it (buy actions from Nissan), we will consider it,” Foxconn president Young Liu told journalists on Wednesday.
