Reported about 1 month ago
Nissan has reportedly decided to end merger discussions with Honda, as reported by the Nikkei newspaper, which would have resulted in the formation of the world's third-largest automaker. This decision raises concerns about Nissan's ability to manage its turnaround strategy independently. Shares in Nissan dropped over 4% following the announcement, while Honda's stock rose by more than 8%. The merger talks were complicated by differing views on management control and were already facing challenges due to Nissan's ongoing struggles in the market.
Source: YAHOO