Reported about 13 hours 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