Source: CNBC
“Japanese automakers Honda and Nissan said Thursday they would terminate merger talks, ending speculation over the fate of a $60-billion deal that was slated to create the world’s third-largest auto company by sales volumes. They said ‘various options’ were considered including a proposal by Honda to change the structure of the merger from a joint holding company to one with Honda as the parent and Nissan as a subsidiary through a share exchange. The two companies said they will ‘collaborate within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles.'” (02/13/25)