Honda wanted to be parent company to a Nissan subsidiary, and the latter just felt like that didn’t sit right
The two Japanese automakers released a Memorandum of Understanding (MOU) on December 23, 2024, announcing they were going ahead with a merger; it didn’t take long for some murkiness to cloud the waters, as what Nissan had understood would result in a joint holding company, where equal say was given to both parties, instead was altered to a parent-subsidiary dynamic, with Honda in charge.
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