US EditionHow Nissan and Honda's $60 billion merger talks collapsed
- Honda Motor Co. And Nissan Motor Co. Will abandon their merger talks, which aimed to create the world's third-largest auto group, following the collapse of negotiations less than two months after their announcement.
- The two automakers had planned to share costs related to electric vehicles and software development.
- Honda expressed concerns about Nissan's turnaround efforts, stating that struggling Nissan needed to improve for the deal to proceed, leading to tensions within Nissan's board.
- Nissan's failure to convince Honda of its progress resulted in dissatisfaction among Nissan's board, ultimately leading to the decision to scrap the merger plan.
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Nissan, Honda boards both vote to end merger talks, TBS reports
TOKYO : The boards of Nissan and Honda both voted on Thursday to officially end talks to merge the two Japanese automakers, broadcaster TBS reported.Spokespersons for both companies declined to comment on the report.
·Singapore
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Honda, Nissan to scrap merger plan as talks collapse
Honda Motor Co. and Nissan Motor Co. are set Thursday to scrap their plan to merge into what would have become the world's third-biggest auto group by volume as negotiations collapsed less than two months after its announcement.
·Japan
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