Transportation
Nissan Looking for New Partner as Honda Deal Set to Collapse
- Carmaker also set to implement deeper restructuring measures
- Honda had floated making Nissan a full subsidiary during talks
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Nissan Motor Co. is seeking a new partner as it prepares to end negotiations to form a joint holding company with Honda Motor Co., people familiar with the matter said.
The fresh ally would ideally be from the technology sector and be based in the US, the people said, asking not to be identified because the information isn’t public. Although its sales are slowing globally, North America remains Nissan’s most important market and the wider shift toward electrification and automation is pushing all carmakers to seek alliances with high-tech industries.