Nissan and Honda announced on February 13, 2025, that they had terminated discussions regarding a potential merger. The breakdown of negotiations was reportedly due to Honda's proposal to acquire Nissan as a subsidiary, which Nissan found unacceptable. Following the termination, Nissan's shares rose after reports suggested that Honda might be open to resuming takeover talks if Nissan CEO Makoto Uchida were to resign. Additionally, during the failed merger negotiations, Honda sought to have Nissan abandon its e-Power hybrid technology in favor of Honda's own hybrid system. Meanwhile, Renault, which holds a 36% stake in Nissan, is strengthening its relationship with Geely as Nissan navigates its future with Honda. Renault's performance has improved, with revenues reaching 56.2 billion euros, amidst a challenging European automotive market.