Multi-billion-dollar Honda-Nissan merger talks collapse
Multi-billion-dollar Honda-Nissan merger talks collapse
Source: BBC NewsHonda and Nissan have announced that they are ending talks of a merger, adding that they will continue their partnership on electric vehicles.
The Japanese car makers, along with junior partner Mitsubishi, aimed to combine their businesses to fight back against competition from rival firms, especially in China.
"Going forward, the three companies will collaborate within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles," the companies said in a statement on Thursday.
Joining forces would have created a new motor industry giant alongside Toyota, Volkswagen, General Motors, and Ford.
