Part 11/13:
In a dramatic move on February 6, 2025, Uchida informed Honda that the deal was off — effectively ending the merger negotiations. The fallout was swift: Nissan’s share price plummeted by 80%, falling below $3 per share. Honda labeled the outcome “disappointing,” and Renault criticized what they called a “takeover without a control premium.”
The Post-Merger Reality: Leadership Change and Uncertain Future
Uchida resigned a month later, leaving Nissan adrift. The company reported its first operating loss in over four years—around ¥79.1 billion ($534 million). Factories faced closure, profits evaporated, and debts mounted. The company’s survival teeters on the edge.