Reported about 6 hours ago
Nissan CEO Makoto Uchida has informed Honda's CEO Toshihiro Mibe of his desire to terminate merger talks after Honda proposed making Nissan a subsidiary. The discussions, initiated in December to create a joint automotive powerhouse, have stalled due to growing differences between the two companies. Nissan plans to formally withdraw from the memorandum of understanding in an upcoming board meeting, raising concerns about its turnaround strategy amid ongoing external challenges.
Source: YAHOO